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Ask the Experts
Submit a no-obligation question about compliance with the Dodd-Frank Act.
While much of the Act applies to only very large banks, there are many provisions that apply to community banks. For example, with the creation of a new consumer financial protection agency (CFPB), we can expect to see many new consumer protection regulations during the next few years.
The underlying purpose of the Dodd-Frank Act is to:
There are many other provisions that affect community bankers. Find out which provisions and exemptions would alter the competitive playing field for your institution.
Contact us today to help you navigate through these changes.
A copy of the Dodd-Frank Act can be obtained here.
the Dodd-Frank Act?
The Dodd-Frank Wall Street Reform and Consumer Protection Act, at over 2,000 pages, resulted from the financial crisis of 2007-2011, and brings the most sweeping changes to financial regulation in the United States since the Great Depression. The Act represents a paradigm shift in the American financial regulatory environment impacting all Federal financial regulatory agencies and affecting almost every aspect of the nation's financial services industry. The Act was signed into law on July 21, 2010 and is named after the two politicians who proposed it: Chris Dodd and Barney Frank.
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