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Restoring American Financial Stability Act News

Restoring American Financial Stability Act News From AOL News

Girding for the Wall Street Vs. Main Street Fight

By Joseph SchumanMar 15th 2010 – 2:11PM
AP

AP

(March 15) -- Shielding Americans from shady credit card fees, protecting taxpayers from financial bailouts, saving banks from becoming "too big to fail," policing hedge funds, and safeguarding the country from future economic crises. Those are the main goals of a Senate bill more than half a year in the making and...

Background on Restoring American Financial Stability Act

The Dodd–Frank Wall Street Reform and Consumer Protection Act (, ) is a federal statute in the United States that was signed into law by President Barack Obama on July 21, 2010. The Act implements financial regulatory reform sponsored by the Democratically controlled 111th United States Congress and the Obama administration.

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