The Dodd-Frank Wall Street Reform Act was passed in 2010 as a response, in part, to the financial crisis. According the the law itself, the goals were to improve stability in the financial system, increase accountability and transparency in the financial system, end the idea of “too big to fail,” protect the American taxpayer by ending bailouts, and protect consumers from abusive financial services practices.

Notably, it provided for the formation of the Consumer Financial Protection Bureau, and the Bureau’s authorities. Today, Dodd-Frank is seen as one of the key modern Fair Lending regulations, and a flashpoint in political conversations about financial regulation.