The Federal Deposit Insurance Corporation was created under the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

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The Federal Deposit Insurance Corporation (FDIC) was actually created under the Banking Act of 1933 (also known as the Glass-Steagall Act), not under the Dodd-Frank Act of 2010. The FDIC is an independent agency of the federal government that provides deposit insurance to protect depositors in the event of bank failure.

The Federal Deposit Insurance Corporation Was Created Under the Provisions