The Dodd-Frank Wall Street Reform and Consumer Protection Act is a comprehensive piece of legislation enacted in 2010 in response to the 2008 financial crisis, aimed at reducing risks in the financial system. It established new regulatory frameworks and oversight for financial institutions, enhanced consumer protections, and created the Consumer Financial Protection Bureau (CFPB) to oversee financial products and services. This act played a crucial role in reshaping corporate governance by promoting transparency and accountability in financial markets, as well as providing safeguards for whistleblowers who report violations of financial regulations.
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