More than five years following the passage of The Dodd-Frank Wall Street Reform and Protection Act (Dodd-Frank), the question of necessity of such an extraordinarily large and overbearing act persists. This enormous document was introduced to address the issues existing in the financial system, specifically to prevent another financial crisis, but it appears to have … Continue reading
Tag Archives: Consumer Financial Protection Bureau
Improving the Consumer Financial Protection Bureau
It has been more than two years since the creation of the Consumer Financial Protection Bureau (CFPB), a Dodd-Frank requirement intended to regulate financial services and to protect Americans from another financial crisis. Despite start-up challenges, lawsuits questioning its legitimacy, accusations that it is too powerful, and the controversial recess appointment of Director Richard Cordray, … Continue reading