What does the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 primarily focus on?

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is fundamentally aimed at addressing a wide range of issues related to financial reform, ensuring that consumer protections are significantly enhanced. This legislation was introduced in response to the 2008 financial crisis, with the objective of promoting financial stability and reducing the likelihood of future crises.

One of the key features of Dodd-Frank is the establishment of the Consumer Financial Protection Bureau (CFPB), which is tasked with overseeing and enforcing consumer protection laws in the financial sector. The Act also introduced measures to regulate high-risk financial products and practices, improve transparency in financial markets, and impose stricter regulations on financial institutions, particularly those deemed "too big to fail."

In essence, the legislative focus of Dodd-Frank is on creating a safer and more transparent financial system while simultaneously safeguarding consumers against predatory lending and unfair financial practices. This overarching aim makes the selected answer the most accurate representation of the fundamental goals of the Dodd-Frank Act.