CFPB Agenda Vulnerable To Election Year Shake-Up

By Evan Weinberger (October 10, 2012, 7:24 PM EDT) -- The Consumer Financial Protection Bureau's power structure and nascent institutional culture makes it more susceptible to a change in administration than more established financial regulators, experts say, which could mean a less aggressive enforcement agenda if Mitt Romney wins in November.

When the Obama administration and Democrats in Congress created the CFPB as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, backers of the agency said it would be most immune from being captured by industry by having a single director making all the decisions, a different structure from most other financial and consumer safety regulators.

The CFPB's...

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