When the financial crisis of the late 2000s hit, it revealed evident weaknesses in the U.S. financial regulatory structure. The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal law that was enacted in July 2010, following the financial crisis, to create financial regulatory processes to limit risk by enforcing both transparency and accountability. We are going to review the major costs and benefits of the new regulation standards and the effect it has had on Louisiana’s banking industry. Although Dodd-Frank has introduced many reforms that have increased stability and economic growth across the board, there are some areas that have had little, none, or negative impacts on economic stability. One of these
