The Dodd-Frank Act is a comprehensive piece of legislation enacted in 2010 in response to the 2008 financial crisis. Its primary aim is to promote financial stability by increasing regulation and oversight of the financial industry, particularly large banks and financial institutions. Key provisions of the act include the establishment of the Consumer Financial Protection Bureau (CFPB) to protect consumers from unfair financial practices and the implementation of stricter capital requirements for banks. Overall, the Dodd-Frank Act seeks to prevent future financial crises and protect consumers from risky financial products.