The Dodd-Frank Act and Small Bank Creation

5.19.19. Kim Ruhl. In response to the U.S. financial crisis of 2007–2008, the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (henceforth, the Dodd-Frank Act or just the Act) was enacted on July 21, 2010. This sweeping reform was meant to stabilize the financial system and prevent future crises.