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10-Year Anniversary of Dodd-Frank Being Signed Into Law

Tuesday, July 21, 2020
Michael Calhoun

On Thursday, July 23, CRL to host virtual discussion to commemorate Dodd-Frank anniversary with special introductions by Congresswoman Maxine Waters & U.S. Senator Elizabeth Warren

View virtual talk and RSVP details.

WASHINGTON, D.C. – Center for Responsible Lending (CRL) President Mike Calhoun released the following statement marking the 10-year anniversary since the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law:

Dodd-Frank is landmark legislation that has given consumers, especially low-income Americans and consumers of color, a much-needed and powerful advocate in Washington for most of the last decade. One of the most impactful elements of this law was the creation of the Consumer Financial Protection Bureau (CFPB). From student loans to payday lending to auto loans and mortgages and much more, the CFPB has worked hard to level the playing field and protect the financial interests of millions of Americans. We are grateful to the consumer and civil rights organizations that played a key role in pushing this law forward to final passage.

Ten years later, the need for the CFPB--and the urgency for the agency to return to its founding mission to protect consumers and the broader Wall Street reforms brought about by Dodd-Frank--has never been clearer, especially as too many Americans struggle and are targeted in the midst of this pandemic-induced economic crisis. The Center for Responsible Lending will continue to fight dishonest and harmful practices and break down institutional barriers to full and fair economic equity and inclusion.

Virtual Discussion Background

On Thursday, July 23, at 3:30 p.m. ET/ 12:30 p.m. PT, CRL will host a virtual panel discussion to commemorate 10 years since the Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into law, which established the CFPB.

The talk will focus on the civil rights coalition’s push for the financial reform law, a reflection on the CFPB’s work, and hopes for the future. The discussion will also touch on Dodd-Frank's impact on communities of color and on current institutional barriers to full and fair economic equity and inclusion, especially during this COVID-19 economic and public health crisis.

Panelists will include leaders from CRL, NAACP, National CAPACD, National Fair Housing Alliance, and UnidosUS, with special introductory remarks from Congresswoman Maxine Waters and U.S. Senator Elizabeth Warren, and closing remarks from civil rights leader Wade Henderson.

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Press Contact: ricardo.quinto@responsiblelending.org