Transactional law attorneys routinely note that the two primary advantages of using commercial paper (negotiable instruments, bank checks, etc.) is that the business owner has lessened her exposure to fear of loss or theft and that the business owner also has established a clear record for the preparation of financial statements such as tax returns, annual and quarterly reports, etc. With the advent and explosion of electronic commercial transactions, especially via the internet, do these two advantages remain intact? With identity theft pervasive, is it safer simply to use cash as much as possible? 7. The Dodd Frank Wall Street and Consumer Protection Act of 2010 is a federal law enacted by Congress for the express purpose of providing regulation to previously unregulated financial products (commercial paper in the form of loans and promissory note instruments) and to protect consumers from abusive lending and banking practices (excessive and hidden fees, failure to disclose full terms of a contract, etc.) The Act (over 2000 pages in length) addresses many issues, but one issue that is heavily criticized by consumer protection attorneys is that the lending institutions may still sell all but 5% of the loans originated (previously, the banks were not required to retain ANY credit risk of their loans that were sold). Would society and consumers be better served by requiring banks to retain any and all credit risks of the lending that the bank originated? Would the percentage of defaulted, bad loans drop if this were the case? Would the banks be less likely to need a & quotably out & quote ; in a rough economy?