financial reform legislation

Financial reform legislation refers to laws created to improve the stability and regulation of the financial system. These laws aim to prevent risky practices by financial institutions, protect consumers, and ensure transparency. After financial crises, such as the 2008 recession, reforms often introduce stricter oversight, higher capital requirements, and new agencies to monitor markets. The goal is to reduce the chance of another crisis, promote fair practices, and safeguard the economy. Overall, financial reform seeks a safer, more resilient financial environment that benefits consumers, businesses, and the broader economy.