The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed on July 21, 2010 to prevent a recurrence of 2008's dramatic implosion of large financial institutions, credit market disruption, taxpayer funded bailouts and an economic recession, but certain banking related provisions of Dodd-Frank have nothing to do with responding to the financial crisis. Moreover, Congressional leaders swept a few things into the 2,319 pages of legislation that are beyond the banking world, making the process of interpreting, drafting and implementing regulations even more complicated and time-consuming for regulators. Written by two noted banking and tax lawyers, this book will serve as a practical guide to help attorneys who represent clients in the financial services industry, and financial industry professionals untangle the complexities of the most noteworthy provisions of this far-reaching law, and the myriad of regulations that have been issued so far in response to this law. Divided into eight parts, each section represents a financial services sector where the book addresses the factual and regulatory background behind the pertinent Dodd-Frank provisions, the known changes in federal law caused by Dodd-Frank, and any upcoming deadlines for new regulations that will implement the statutes. In addition, the book features practical advice on steps that should be taken by financial services companies to prepare for the statutory and regulatory changes. If your business, or your client's business is touched by Dodd-Frank, this is your essential resource to understanding the complexities, background, and future of this new legislation. Book jacket.