Two years ago this week, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act -- the most significant set of financial reforms since the Great Depression. The landmark law is designed to help protect Americans from the excessive risk, fragmented oversight, and poor consumer protections that played leading roles in bringing about the recent financial crisis.
Treasury and the independent regulators have made meaningful progress implementing the law, which is vital to restoring trust in the underlying safety, stability, and integrity of the financial system, and to rebuilding a pro-growth, pro-investment environment. To outline the progress made, the U.S. Department of the Treasury has developed an overview of where reform stands and the changes it has effected on the financial system to date. For a copy of the overview, please click here.