In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) in response to the 2007-2009 financial crisis that disrupted the U.S. financial system and threatened the solvency of some large financial institutions and the health of the U.S. economy. The act includes numerous reforms intended to strengthen the financial services industry and consolidates certain consumer protection responsibilities in the Bureau of Consumer Financial Protection, also known as the Consumer Financial Protection Bureau (CFPB). Under the Dodd-Frank Act, various federal agencies are directed or have the authority to issue hundreds of regulations to implement the act's provisions. This report examines (1) the regulatory analyses federal financial regulators conducted in Dodd-Frank rulemakings; (2) interagency coordination on rulemakings by federal financial regulators; and (3) the impact of selected Dodd-Frank provisions and related rules.
Tables and figures.