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the CFPB (Consumer Financial Protection Bureau). it was created by Obama in the Dodd-Frank Act in an attempt to aid in resolving the Great Recession.

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The Consumer Financial Protection Bureau (CFPB) was established in 2010, as a result of the Dodd-Frank Act.

What is CFPB?

CFPB is acronym for Consumer Financial Protection Bureau and it can be defined as an independent agency of the government of the United States of America that was founded on the 21st of July, 2011.

Historically, CFPB was established on the 17th of September, 2010 by President Barrack Obama, as a result of the Dodd-Frank Act, under Title X (Consumer Financial Protection Act of 2010).

In conclusion, CFPB is saddled with the responsibility of protecting consumers within the American financial sector.

Read more on CFPB here: https://brainly.com/question/15050939

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