Select two of the provisions of the Act that you believe significantly impacted business operations.

1. The Volcker Rule, which prohibits proprietary trading by banks, limits their investments in hedge funds and private equity funds, and requires them to set up a compliance program to ensure proper implementation. This has resulted in reduced risk-taking among financial institutions since they no longer have access to potentially profitable investments that could increase their exposure to financial losses.

2. The creation of the Consumer Financial Protection Bureau (CFPB), with broad authority over consumer protection rules for products such as mortgages, credit cards and payday loans. This provision has helped protect consumers from predatory lending practices by providing an agency dedicated solely to monitoring lenders’ activities. It has also increased transparency for businesses who must now provide clear disclosure about all the terms of their services so that customers can make informed decisions when selecting a product or service.