Dodd And Frank Say Act Turned US Economy Around

By Jessica Corso (July 20, 2015, 9:09 PM EDT) -- On Monday, one day before their namesake bill turns 5 years old, former U.S. Sen. Chris Dodd, D-Conn., and former U.S. Rep. Barney Frank, D-Mass., sat down with pro-reform group Better Markets to talk about the legacy of the 2008 financial crisis and whether their legislation can survive Republican calls to dismantle it.

In a webcast discussion, the former lawmakers said that though the Dodd-Frank Act may have some problems, it has largely been successful at preventing "too big to fail" banks from taking unnecessary risks and at stopping mortgage lenders from writing predatory loans.

"Clearly, we are in far better...

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