This is a two-part article analyzing the principal provisions of the Dodd-Frank Act that affect savings and loan holding companies. Part I discusses the provisions of the Dodd-Frank Act that may have unintended consequences for savings and loan holding companies, particularly grandfathered unitary savings and loan holding companies. It also suggests certain actions that might be taken by the federal regulators to mitigate these unintended consequences. In Part II the author discusses the initial actions that the Federal Reserve Board has taken as the new regulator and supervisor of savings and loan holding companies.