By: Rachit Parikh
The 2008 financial crisis spurred Congress into action and led them to enact regulation to protect consumers from financial institutions. The regulation became known as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (hereinafter “Dodd-Frank Act”). Broadly, the goal of the act was to regulate both bank-based financial companies and non-bank financial companies, such as hedge funds, from risky lending, and to protect consumers from these type of actions. More specifically, Congress enacted sets of rules that regulated securitizations of asset backed securities which used different forms of loans as collateral. However, one aspect that has been overlooked is whether these provisions also govern intellectual property assets such as patents and copyrights.