The Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203, H.R. 4173) was signed by President Obama on July 21, 2010. With the goals of promoting financial stability through improved accountability and transparency, attempting to end “too big to fail” and taxpayer-funded bailouts, and safeguarding consumers from abusive financial products, Dodd-Frank requires comprehensive reform to the U.S. financial system and the regulation of financial entities and services. The act touches upon a wide variety of areas, including banking, securities, derivatives, consumer protection and mortgages.
The Kentucky Department of Financial Institutions is closely monitoring all of the federal agencies’ activities and implementation of the act and will work with all federal agencies to provide consistent oversight and effective and efficient regulation.
The writings and materials presented herein are produced by the Kentucky Department of Financial Institutions (KDFI) for information purposes only, and are designed to assist persons in reviewing federal regulations that implement, in whole or in part, provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. No. 111-203, 124 Stat. 1376 (2010)). KDFI does not implement or interpret federal law, and is not rendering legal, financial or other professional advice. Interested parties should contact their own counsel regarding how such regulations may affect them. The information on this website is believed to be accurate but is not warranted to be so, is intended for use only in conjunction with the professional services and advice of licensed attorneys, and includes only those regulations that KDFI believes is or may be relevant to the persons that are under the jurisdiction of KDFI. KDFI disclaims responsibility, and will not accept any liability, for any information presented herein, and any expressions of opinion do not necessarily represent the views of KFI, the Public Protection Cabinet, the Commonwealth of Kentucky, or other state or federal government authorities.