Final answer:
The Dodd-Frank Act was enacted to address rising unsecured consumer debt by creating the Consumer Financial Protection Agency to oversee credit markets.
Explanation:
The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Dodd-Frank Act, was enacted in response to the rising level of unsecured consumer debt. This act created the Consumer Financial Protection Agency to regulate consumer credit markets, including credit card fees and mortgage contracts.
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