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In the aftermath of the 2008 financial crisis, Congress consolidated the task of enforcing federal consumer finance laws into one agency. It created the Consumer Financial Protection Bureau to protect consumers in the marketplace and, in part, regulate predatory financial products, like the high-risk mortgages that had contributed to the crash. As part of its efforts to foster the agency’s independence, funding for the CFPB would come not from the annual appropriations process in Congress, but instead from the … Read the rest