The Dodd-Frank Wall Street Reform and Consumer Protection Act

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into federal law by President Obama on July 21, 2010. On May 24, 2018, a law that would partially repeal Dodd-Frank was signed into law by President Trump. The new law exempts dozens of U.S. banks from the banking regulations established by the Dodd-Frank Act. By the end of 2017, nearly $345 million had been recovered. Only $92 million had been distributed to the victims,. And many of the oldest victims had never seen a dime because they died before anything was ever returned to them.