By Ryan Scarborough, Rachel Rodman and Richard Olderman (October 13, 2017, 11:54 AM EDT) -- Since its formation in 2011, the Consumer Financial Protection Bureau has racked up some impressive settlements. Charged with enforcing 18 different consumer protection statutes, and armed with expansive new unfair, deceptive, or abusive acts or practices (UDAAP) power under Title X of the Dodd Frank Wall Street Reform and Consumer Protection Act,[1] the bureau has launched investigations and brought enforcement actions across many areas, such as credit card add-on products, student loans and loan servicing, mortgages and mortgage servicing, debt collection, and consumer credit reporting. It has racked up more than $600 million in penalties alone. In 2015, Citibank acquiesced to a $35 million penalty; a year later, the bureau achieved its high-water mark when Wells Fargo agreed to a $100 million penalty. When consumer redress is factored in, the amounts skyrocket. In a recent speech at the AFL-CIO Labor Day picnic in Ohio, CFPB Director Richard Cordray touted "about $12 billion in relief to 30 million people who were cheated or mistreated."...