New regulatory reform and its possible effect beyond first intent

Dealing with reforms as they migrate through the financial services industry The Dodd-Frank Wall Street Reform and Consumer Protection Act and its amendments (H.R. 4173) became law in July 2010. This legislation already generates more financial industry-wide press and concern than any other reform measure passed in the past seven decades. With its numerous reforms in various stages of analysis and refinement, it will be months — and, in some cases, years — before the industry realizes the law’s full impact. Regardless, financial organizations must begin addressing compliance now.