A decade and 2,300 pages later, the Dodd-Frank Act has fundamentally changed the financial services industry – in ways which are both good and bad.
The bill was designed, a Dodd Frank Update story from July 2010 noted, to create a sound economic foundation to grow jobs, protect consumers, reign in Wall Street, end “too-big-to-fail” institutions and prevent another financial crisis.
Experts from CBA, ICBA and NAFCU looked back on the good and the bad about the impact of the Dodd-Frank Act. Read on for their thoughts.