2010day.year
President Barack Obama signs the Dodd–Frank Wall Street Reform and Consumer Protection Act.
In 2010, President Barack Obama signs the Dodd–Frank Act, overhauling U.S. financial regulation after the 2008 crisis.
Signed on July 21, 2010, the Dodd–Frank Act represented the most significant financial regulation reforms since the Great Depression.
Designed in response to the 2008 financial meltdown, it aimed to increase transparency and reduce systemic risk in the banking industry.
The law established the Consumer Financial Protection Bureau to safeguard consumers from abusive lending and banking practices.
It imposed stricter oversight on large financial institutions and created mechanisms to manage potential failures.
While hailed by supporters as a necessary shield against another collapse, critics argued it imposed burdensome regulations on businesses.
The Act's legacy continues to influence debates over the balance between financial stability and economic growth.
2010
Barack Obama
Dodd–Frank Wall Street Reform and Consumer Protection Act