Barney Frank, architect of post-crisis reform, dies
Former Rep. Barney Frank, the Massachusetts Democrat who helped create the rules that reshaped modern banking regulation after the 2008 financial crisis, had died.
Frank, who was 86, served in Congress for 32 years. As chairman of the House Financial Services Committee during the financial crisis and its aftermath, he worked with former Sen. Chris Dodd to author the 2010 Dodd-Frank Act. The law introduced sweeping reforms that expanded oversight of banks, created new tools to monitor systemic risk, and established the Consumer Financial Protection Bureau.
After leaving Congress in 2013, he remained a high-profile voice in Democratic politics and financial policy debates, often defending the regulatory framework that bore his name while criticizing efforts to weaken it.