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Former Mass. Congressman Barney Frank Talks Impact Of Dodd-Frank Act 5 Years Later06:42
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This article is more than 5 years old.

It was five years ago that a law went into effect causing what are considered the greatest changes to American financial regulations since the New Deal.

The goal of the Dodd-Frank Act is more accountability and transparency in the financial industry, especially after the recession. But critics say the law is harming the economy. The law is named after its sponsors, former Connecticut Sen. Christopher Dodd and former Rep. Barney Frank.

Frank joins Morning Edition ahead of an expected speech critical of the law by Texas Congressman Jeb Hensarling, who now holds Frank's old post as chairman of the House Financial Services Committee.

This segment aired on July 21, 2015.

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Deborah Becker is a senior correspondent and host at WBUR. Her reporting focuses on mental health, criminal justice and education.

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