Dodd Frank Act

Dodd Frank Act

Full Name
Dodd-Frank Act
Event Type
Primary Date
7/2010

The Dodd-Frank Wall Street Reform and Consumer Protection Act, simply known as the Dodd-Frank Act, is a comprehensive and complex piece of financial reform legislation that includes 16 major areas of reform. Passed during the Obama administration in 2010 intended to prevent another financial crisis of 2008, it created several new agencies to oversee the regulatory process and implement certain changes. This Act enhanced the CFTC’s regulatory authority to oversee the more than $400 trillion swaps market, and generated financial regulatory processes to limit risk by enforcing transparency and accountability. The Dodd-Frank Act includes key provisions including financial stability, Consumer Financial Protection Bureau, The Volcker Rule, SEC Office of Credit Ratings, and Whistleblower program.


  • Dodd Frank Act Updates to Federal Reserve Act 13(3) Rules (lending to non-member banks)
    • Prohibits lending that helps specific companies
    • Prohibits lending to insolvent borrowers
    • Requires the U.S. Treasury Secretary to approve
    • Requires the Fed to charge a premium to market rates (for emergency loans)