Question

Name the departments, offices, or agencies that were created by the Dodd-Frank legislation.

Short answer

The Dodd-Frank act formed CFPB, OFR, FIO, and FSOC.

Step-by-step solution

Dodd-Frank act

The Dodd-Frank act was established to increase stability of the US’s financial system. This act helped in improving accountability and transparency in the financial system.

The agencies formed in the Dodd-Frank act

The Dodd-Frank act formed four agencies:

1. Consumer Protection Financial Bureau (CFPB)
2. Office of Financial Research (OFR)
3. Federal Insurance Office (FIO)
4. Financial Stability Oversight Council (FSOC)