The attached GT Financial Services Reform UpdateThe Dodd-Frank Wall Street Reform and Consumer Protection Act — was prepared by GT lawyers from across the firm.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) presents sweeping changes to the financial services industry – the deepest and broadest transformation to that industry since the Great Depression. The new legislation will significantly impact financial services firms, investors and consumers by modifying existing law, giving regulators a mandate to unleash new regulations, and creating another federal regulatory agency, the Federal Bureau of Consumer Financial Protection. Questions about this GT Update can be directed to: