Remember the 2008 financial crisis when the economy did a massive face-plant? The Dodd-Frank Act is the big rulebook that was created in response. Think of it as a referee for Wall Street, designed to prevent another meltdown. It put new regulations on banks and financial institutions to protect consumers and the economy from risky behavior. In short, it’s the financial world’s version of “we need to have a serious talk about what just happened and make sure it never happens again.”
Dodd-Frank Act
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