This week marked the five-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act being signed into law. The act is still not complete as parts of it are under review or yet to be written, but it is the biggest piece of consumer protection legislation to be passed since the legislation that was approved following the 1929 crash, including the US Banking Act of 1933 that contained the famous Glass-Steagall provisions. To commemorate this anniversary, Better Markets, a financial watchdog organization, assembled a report that details, among other things, the cost of the 2008 crisis. Continue reading