At the moment, the FDIC is overseen by a 5-member board of administrators. The Chairman is appointed by the President of the United States and is subject to approval by the U.S. Senate. The other board members are a vice chairman, a director, a comptroller of the foreign money, and a director of the patron Finance Safety Bureau (CFPB) [source: FDIC]. The CFPB was created by the Dodd-Frank Act of 2010 [source: CFPB].

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