The Great Depression forced Congress to create the securities and Exchange Commission and tasked it with oversight and regulation of the financial industry to protect investors. And almost 80 years later, Congress passed the Dodd Frank act in response to the 2008 financial crisis, strengthening consumer protections against financial market abuse. implementing updated transparency and accountability requirements for the entire system. Today we find ourselves at a similar inflection point, faced with a largely unregulated tech industry that's harming users over and over again in favor of growth at all costs. (13:01–13:10)
CLAIM
Asserts that the Dodd-Frank Act was passed to enhance consumer protections post-2008 crisis.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
