The SEC has finally managed to find a worthy recipient for its first bounty payment under the whistleblower program established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank).
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 tasked the Securities and Exchange Commission (SEC) to gauge the level of financial literacy that exists in America among individual investors.
The Food Allergen Labeling and Consumer Protection Act of 2004, which legislated the requirement for food allergy labeling guidelines, also required the FDA to implement rules for voluntary gluten-free labeling guidelines by August 2008.
Among worrisome signs is its proposed Consumer Financial Protection Agency Act of 2009.
The Dodd-Frank Wall Street Reform and Consumer Protection Act seeks to regulate much of the derivatives trading that takes place directly between the likes of Goldman Sachs and American International Group.
This progress was largely prompted by the inclusion of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was passed specifically to address the ongoing humanitarian crisis in the Democratic Republic of Congo (DRC), where minerals necessary to produce common electronics are abundant.
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The SEC voted today on this definition as part of the D0dd-Frank Wall Street Reform and Consumer Protection Act passed last year.
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The good news is that in October 2012, the Consumer Financial Protection Bureau proposed changes to the CARD Act to rectify this unintended consequence of the law.
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Earlier today, the Securities and Exchange Commission (SEC) adopted rules designed to implement core provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding investment advisers, including those that advise hedge funds.
Their suit, filed last week in federal court in San Francisco, alleges violations of California's consumer protection laws and Missouri's Merchandising Practices Act.
All indications are the one-two punch of macro-economic events and the Dodd-Frank Wall Street Reform and Consumer Protection Act has negatively impacted Wall Street and left banks reeling.
So while the tasks and expectations of the SEC have increased greatly under the Dodd-Frank Wall Street Reform and Consumer Protection Act its resources have not kept pace.
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The Consumer Financial Protection Bureau has said they will review the act and see what can be done to protect the rights of non-working spouses but many stay-at-home parents will continue to face a struggle of obtaining credit without the use of household income for the foreseeable future.
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