The most important legislation, Dodd Frank Wall Street Reform and Consumer Protection Act, signed by President Obama on June 21, 2010, is enormously complex and challenging even for industry professionals. Here we aim to develop knowledge to outline some key provisions of the legislation as well as abilities to define and describe at least one important challenge for financial reform moving forward.

Dodd Frank has become an important issue of public debate and there are new developments in the House of Representatives that could result in legislative challenges to Dodd Frank in the near future. (Please review the page: Resources on Dodd Frank and Financial Reform for links to further information.)

Directions:

Consider "Compensation Practices" for financial reform. Briefly outline how this challenge is addressed in the Dodd Frank legislation.

Outline some at least one criticism of Dodd Frank. Try to be as specific as you can. And if you have an opinion on the issue please express it.