The Demise of Dodd-Frank

The Dodd-Frcmk Wall Street Reform and Consumer Protection Act became law on July 21, 2010. The 2000 plus page law is better known as simply Dodd-Frank. The law was enacted to provide at least a modicum of regulation to the financial industry following the recession of 2008 leading to what some calle...

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Bibliographic Details
Published inJournal of Accounting and Finance Vol. 19; no. 2; pp. 17 - 24
Main Author Dancer, W Terry
Format Journal Article
LanguageEnglish
Published West Palm Beach North American Business Press 01.01.2019
Subjects
Banks
Confidence
Consumer protection
Consumers
Cost control
Costs
Economic conditions
Economic crisis
Economic growth
Executive orders
Interest rates
Investments
Political campaigns
Presidents
Recessions
Regulation of financial institutions
Securities markets
Small business loans
Tax reform
Telephone hotlines
Trump, Donald J
Wall Street Reform & Consumer Protection Act 2010-US
United States > US
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Summary:The Dodd-Frcmk Wall Street Reform and Consumer Protection Act became law on July 21, 2010. The 2000 plus page law is better known as simply Dodd-Frank. The law was enacted to provide at least a modicum of regulation to the financial industry following the recession of 2008 leading to what some called the worst economic downturn in the United States Economy since the Great Depression. On May 24, 2018 President Trump signed S. 2155, The Economic Growth, regulatory relief and Consumer Protection Act. Many believe this new law put an end to Dodd-Frank. Others believe the new law did nothing to repeal and replace Dodd-Frank. This paper explorers both sides of the debate and considers the question: Is Dodd Frank really done? Or are the reports of the demise of Dodd-Frank greatly exaggerated.