Legal Alert: Sweeping Reforms Imposed by Dodd-Frank Act Create Obligations for Employers

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This alert is the first in a series that will address significant employment provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. President Obama signed this massive legislation on July 21, 2010. Dodd-Frank attempts a sweeping reform of the financial and banking industries on a scale not seen since the New Deal era. As the latest Congressional legislation well exceeding 1,000 pages, Dodd-Frank goes far beyond its title and contains a number of measures for employers to consider.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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