The
Dodd–Frank Wall Street Reform and Consumer Protection Act (, ; commonly referred to as
Dodd-Frank) was signed into
federal law by
President Barack Obama on July 21, 2010. Passed as a response to the
Great Recession, it brought the most significant changes to
financial regulation in the United States since the regulatory reform that followed the
Great Depression. It made changes in the American financial regulatory environment that affect all federal financial regulatory agencies and almost every part of the nation's financial services industry.