Dodd-Frank Act sign with piggy bank, calculator Dodd-Frank Act. Source: Shutterstock

Ten years ago today, the Dodd-Frank Act was signed into law. With it came sweeping financial reforms in response to the anti-consumer behaviors of Wall Street banking behemoths that caused the 2008 financial crisis.

While it was important Congress acted quickly to reign in the egregious practices of the big banks, credit unions – which have been heralded for not contributing to the financial crisis – were caught in the crosshairs unnecessarily. As a result, credit unions and their members have long paid the price of over-regulation.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.