Lawmakers who believe we just don’t have enough regulatory agencies included the creation of the Consumer Financial Protection Bureau in the Dodd-Frank Act. Harvard Professor Elizabeth Warren, who is setting up the new bureau, is saying all the right things but many people remain uneasy about CFPB. Like the 44 U.S. Senators who wrote President Obama on May 2, I have concerns about the structure of this new bureau.
The director of the CFPB reports only to the President, who can remove the director . . .
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