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Dodd-Frank at Four 

July 17, 2014
Bartlett Naylor, Huffington Post

Dodd-Frank is four.

On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law. As with human 4-year-olds, the party parents throw may be a little duller than on the first birthday, but the toddler now appreciates the present in the box more than the box itself.

Let's look at what's in the box: Regulators have finalized half of the 398 rules mandated by the law, which means, with quick math, that half remain unfinished. Even with many finalized rules, compliance begins at future dates.

The Consumer Financial Protection Bureau (CFPB), the new agency created by the law, runs robustly. The agency has returned $3.8 billion to consumers who fell victim to violations of the law. Americans are growing acquainted with this new friend, as 375,000 have filed complaints on debt collection, credit cards, mortgages and other consumer issues.

Read More: Huffington Post

 
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