Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Dodd-Frank Act

Read a random definition: disjunctive condition

A quick definition of Dodd-Frank Act:

The Dodd-Frank Act is a law that was created in 2010 to make changes to the way financial regulations work. It was made to help protect consumers and make sure that the financial industry is more stable. The law has many different parts that cover things like how banks are regulated, how companies report their financial information, and how consumers are protected from fraud.

A more thorough explanation:

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a law that was signed in July 2010. It made changes to the way financial regulations are handled. The goal of the law was to prevent another financial crisis like the one that happened in 2008.

Some of the major provisions of the Dodd-Frank Act include:

  • Creating the Consumer Financial Protection Bureau to protect consumers from unfair financial practices
  • Requiring banks to hold more money in reserve to prevent them from taking on too much risk
  • Requiring companies to disclose more information about their executive pay and the risks they take
  • Creating a new agency to oversee the trading of complex financial instruments

For example, the creation of the Consumer Financial Protection Bureau was meant to help prevent predatory lending practices that had contributed to the 2008 financial crisis. By requiring banks to hold more money in reserve, the law aimed to prevent them from taking on too much risk and potentially collapsing. Requiring companies to disclose more information about their executive pay and the risks they take was meant to increase transparency and accountability.

documentary evidence | Dodd-Frank Act - Table of Contents

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
LSD+ is ad-free, with DMs, discounts, case briefs & more.