Taking Stock Of Dodd-Frank: Hits, Misses And Unfinished Business

Taking Stock Of Dodd-Frank: Hits, Misses And Unfinished Business by Knowledge@Wharton

David Zaring and Todd Zywicki on the Fifth Anniversary of Dodd-Frank

The fifth anniversary of the Dodd-Frank legislation is an opportune time to resume the debate on whether it has achieved or failed to meet its goal of overhauling U.S. financial regulations.

Enacted in July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was a response to the 2007-2008 financial crisis and the economic slump that followed. Critics say the legislation has ushered in excessive regulations that have shrunk the market for community banks while benefiting larger ones; driven low-income borrowers in particular to...