Dodd-Frank Changed Consumer Protections After the Financial Crisis – Here's How That's Shaking Out Today
On the tenth anniversary of the 2008 collapse of Lehman Brothers, CNBC spoke to Ballard Spahr’s Alan Kaplinsky about the Dodd Frank Act and whether it has been effective in regulating financial institutions and protecting consumers.
"The amount of enforcement activity has declined, but the bureau is focusing on the things that are pretty clear-cut," Mr. Kaplinsky said. "If some company or bank commits fraud or deceives consumers, Mulvaney won't tolerate it. But he won't to try to overreach or cover things in a gray area.
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