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The 6 Biggest Dodd-Frank Surprises

Law360, New York (July 20, 2015, 9:23 PM EDT) -- At 848 pages, it should be no surprise the Dodd-Frank Wall Street Reform and Consumer Protection Act has been a complex, time-consuming and controversial piece of legislation that has tied regulators and the industry in knots. But five years on, the law has produced some unexpected outcomes, from empowering once-sleepy regulators to squeezing small community banks. Here, Law360 looks at some of Dodd-Frank's biggest surprises.

Still Writing Rules

The architects of Dodd-Frank gave regulators a number of orders on turning the law into actual rules. One was to finish writing the rules within a year of the act being signed into...

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