An Early History Of The CFPB: Part 1

Law360, New York (March 18, 2014, 5:59 PM EDT) -- Few agencies have generated as much controversy as the Consumer Financial Protection Bureau. The brainchild of Sen. Elizabeth Warren when she was still a professor and the product of the Dodd-Frank Act, the CFPB is charged with being the cop on the beat for consumers, much like the U.S. Securities and Exchange Commission is for investors.

Among the CFPB's goals are preventing consumers from being subject to “deceptive,” “unfair” and “abusive” practices, and holding alleged wrongdoers accountable by bringing enforcement cases against those the bureau believes...
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