Five years ago today, President Obama signed the Wall Street Reform and Consumer Protection Act into law. (It's commonly called "Dodd-Frank," or simply "Wall Street Reform," and you can read more about what it's doing here.)
Here are a couple numbers that help show exactly what the law has done these past years.
The Consumer Financial Protection Bureau (CFPB)—the new cop on the beat created by Wall Street Reform—has provided nearly $11 billion in relief for over 26 million consumers harmed by financial institutions—including a new action announced today.
In all, $141 billion has been paid by 14 of the biggest banks for mortgage-related violations in the lead-up to the crisis, including $50 billion in gross consumer relief to distressed homeowners through the National Mortgage Servicing Settlement.
Banks have added more than $600 billion of additional capital, which is money they can lend and which increases resiliency. At the same time, banks have reduced their leverage, making them more stable and less reliant on borrowed money.