Since becoming law in July 2010, the Dodd-Frank Act has brought about many changes to financial compliance and oversight, all in an effort by Congress to keep the U.S. financial system in check and prevent another financial meltdown. 

Last October, FierceFinance gave an introduction to the major regulatory agencies created by Dodd-Frank legislation. Now, just over a year later, these agencies are working to get up-and-running and carry out their missions.

Now, here is a FierceFinance update on the progress of these mandated agencies, complete with details on what they've been doing the past 12 months and how they are planning to position themselves within the finance industry.

For complete coverage of Dodd-Frank implementation, you can visit the U.S. Securities and Exchange Commission.