The Dodd-Frank Act of 2010 aims to fix the regulatory gaps and market failures that caused the housing bubble to burst in 2006. It introduces new rules to prevent excessive risk-taking by banks and improve early detection of financial threats. However, some issues like liquidity thresholds and limits on risky investments still need to be resolved. The success of Dodd-Frank depends on how well regulators enforce the rules and provide enough funding for oversight.