In an article about President Obama’s landmark financial overhaul legislation, Jerold L. Zaro stated: “The increased transparency and reduction in risk offered by the legislation will be good for the public. Unfortunately, every time you bring about change, it will bring some added cost to some people.” The Dodd-Frank Wall Street Reform and Consumer Protection Act aims to reign in the fallout of “too big to fail” financial institutional failure while offering some protection to consumers and borrowers. Among other provisions, it will limit some credit card fees and curb the ability of some banks to engage in proprietary investing.
