The Dodd-Frank Act was put into place following the economic recession of 2008. It’s a fat bill that, simply put, regulates banks and lenders to protect consumers and prevent another recession from occurring. The bill passed in July 2010, so it’s still relatively new.
This attorney, who we’re assuming knows a heck lot more about law than we do, discovered that firms back in 2011-14 were looking for attorneys who had at least ten years’ worth of experience in dealing with the Dodd-Frank Act. And the fact that the law hadn’t even been finalized in many areas yet make us suspect that those law firms didn’t know too much about law.