Answer: Seeks to improve financial regulation, increase oversight of the industry, and prevent the types of risk-taking, deceptive practices, and lack of oversight that led to the 2008-2009 financial crisis.
Step-by-step explanation:
The Dodd–Frank Wall Street Reform is referred to as or known as a US federal rule of law which was enacted and implemented on 21 July, 2010. The law tends to overhaul the financial regulation that was instated in aftermath of financial crisis that occurred in 2007–2008, thus it also made several changes which affected all financial regulatory companies and agencies and several financial service industries.