Part 1 Dodd-Frank Act

What affects does the Dodd-Frank Act have:

1. Aspects of the financial system and many financial regulatory agencies (regulators) 2. Sets up new regulatory agencies 3. Calls for regulators to adopt over 240 new rules and regulations 4. 16 titles were created within the Act.

What is the purpose of the Dodd-Frank Act?

1. To promote financial stability of the US 2. To improve the accountability and transparency of the fin'l system 3. End "TOO BIG TO FAIL" 4. End bailouts (Chrysler, GM, & Goldman Sachs) 5. To protect consumers from abusive financial services practices.

What happen that cause the passage of the Wide-Ranging Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010?

Housing and financial crises that resulted in the recession of 2007-2009

What are the titles created within the Dodd-Frank Act?

Title 1 - Financial Stability Title 2 - Orderly Liquidation Authority Title 3 - Transfer of Powers to the Comptroller of the Currency (OCC), the Corporation (FDIC), Board of Governors (Federal Reserve) Title 4 - Regulation of Advisers to Hedge Funds and others (Private Fund Investment Advisers Registration Act of 2010) Title 5 -Insurance (Federal Insurance Office Act of 2010) Title 6 - Improvements of Regulation of Bank and Savings Association Holding Companies and Depository Institution Regulatory Improvement Act of 2010

Titles cont'd

Title 7 - Wall Street Transparency and Accountability Title 8 -Payment, Clearing, and Settlement Supervision Title 9 - Investor Protections and Improvements to the Regulation of Securities Title 10 -Bureau of Consumer Financial Protection Title 11 - Federal Reserve System Provisions Title 12 - Improving Access to Mainstream Financial Institutions Title 13 - Pay It Back Act Title 14 - Mortgage Reform and Anti-Predatory Lending Act Title 15 - Miscellaneous Provisions Title 16 - Section 1256 Contracts