The competitive structure of the banking industry was altered dramatically during, and as the result of, the 2007-2009 crisis. Investment giants, including Bear Stearns and Merrill Lynch, were merged with banking institutions. Lehman Brothers went bankrupt. The last two major investment banks, Goldman Sachs and Morgan Stanley, were converted into bank holding companies. In July 2010, the Dodd-Frank Act was signed into law. The Act's 2,300 pages overhauled the regulation of the financial industry in the United States, aiming to improve both consumer protection and systemic stability. Which of the following statements correctly describe the issues addressed by the Act?