Wolters Kluwer said that by visiting the website, banks, credit unions and lenders can stay up-to-date on the latest news and information regarding the Dodd-Frank Act’s requirements and the Consumer Financial Protection Bureau (CFPB).
They can also gain a clear understanding of the Act’s general requirements as well as deposit and Individual Retirement account, mortgage and lending changes.
Wolters Kluwer Financial Services vice president and general manager for Banking Lisa Fraga said the Dodd-Frank Act is the most sweeping piece of legislation to affect financial institutions in decades.
"The Dodd-Frank Resource Center clarifies what within the 2,300 page bill is critical for banking institutions to know and explains the new requirements in plain language," Fraga said.
