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Elizabeth Warren To Head Bureau of Consumer Financial Protection

One of the creations of the financial reform bill (H.R. 4173 “Dodd-Frank Wall Street Reform and Consumer Protection Act”) was a Bureau of Consumer Financial Protection (CFPB), an organization that is charged with regulating financial products from payday loans to mortgages, credit cards to credit counseling, and a litany of products in between. Here’s an analysis of the actual text of the bill that creates this executive agency.

This week, President Obama announced that he would be calling on Elizabeth Warren to lead the agency.

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