VK - as a banker could you explain in plain language what the Dodd-Frank bill is?

I love a line from an old Dirty Harry movie when Clint Eastwood says, "A man has to know his limitations." Concerning banking, mine stop at balancing the checkbook.

I would sincerely like to hear your perspective on the implications of Dodd-Frank, if any, on the economy and whether you believe it should be repealed. I believe we can all benefit from your professional perspectives.