The Dodd-Frank Wall Street Reform and Consumer Protection Act

Question

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The Dodd-Frank Wall Street Reform and Consumer Protection Act was designed to make the financial services industry more responsible. It aimed to increase transparency, accountability, and consumer protection in the wake of the 2008 financial crisis. It was not popular among Wall Street bankers, who saw it as overly burdensome regulation, and it represented significant reform rather than modest reform. It was not based on theological discussions, nor did it make it mandatory for public corporations to hire ethics officers.