Dodd–Frank Wall Street Reform and Consumer Protection Act

…authorized in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the CFPB assumed some functions of the former Consumer Advisory Council, which existed from 1976 to 2011). There are several thousand member banks.

In 2010 Congress adopted the Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), which instituted banking regulations to prevent another financial crisis and created a Consumer Financial Protection Bureau, which was charged with regulating, among other things, subprime mortgage loans and other forms of consumer credit. After 2017,…

Chris Dodd coauthored the Dodd-Frank Wall Street Reform and Consumer Protection Act (also known as the Dodd-Frank Act), a broad package of regulations and reforms of the financial services and consumer finance industries. The bill was signed into law the following year.

…the House) the most sweeping financial regulation since the New Deal. Among other statutes, the bill established a financial consumer-protection bureau within the Federal Reserve, empowered the government to take over and shut down large troubled financial firms, created a council of federal regulators to monitor the financial system, and…

…was established under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. As interim director, Warren structured and staffed the bureau tasked with protecting people from financial fraud and chicanery, but she was not nominated as its permanent head by U.S. Pres. Barack Obama, who, according to some, feared…