What did the Dodd-Frank Wall Street Reform and Consumer Protection Act do? Gave consumers the right to refuse to pay a creditor if there is a dispute with a seller. Made filing for Chapter 7 bankruptcy more difficult. Increased regulation of the banking and financial services industry. Prohibited companies from mailing offers to customers under the age of 21.

The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Dodd-Frank Act, was signed into law in 2010 in response to the financial crisis of 2008. The primary purpose of the act was to increase regulation of the banking and financial services industry in order to prevent future financial crises. The act established new government agencies, such as the Consumer Financial Protection Bureau, and implemented stricter regulations on financial institutions. It also provided more transparency and oversight of the financial industry, and imposed new rules on derivatives and other financial instruments. The act did not give consumers the right to refuse to pay a creditor if there is a dispute with a seller, make filing for Chapter 7 bankruptcy more difficult, or prohibit companies from mailing offers to customers under the age of 21.