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Introduced in the Senate as "Economic Growth, Regulatory Relief, and Consumer Protection Act" by Mike Crapo (R–ID) on November 16, 2017 Committee consideration by Banking Passed the Senate with amendment on March 14, 2018 ( 67–31 )
[7] [8] Economist Paul Krugman, for instance, wrote in 2014 that the act was working, and praised the Consumer Financial Protection Bureau and the Act's creation of regulatory Ordinary Liquidation Authority (also called resolution authority), which allows regulators in a crisis situation to save "systemically important" banks and other ...
Dodd–Frank Wall Street Reform and Consumer Protection Act; Long title: An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
Congress established the agency as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The legislation was intended to prevent a repeat of the 2008 financial crisis and ...
The bureau was created after Congress and President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Dodd-Frank Act, in July 2010 ...
(Reuters) -The U.S. Consumer Financial Protection Bureau was defanged over the weekend with all activities suspended, its upcoming funding facing a cut and its headquarters temporarily closed ...
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...
The Consumer Financial Protection Bureau (CFPB) was envisioned by Elizabeth Warren while she was still a law professor at Harvard Law School. In 2010, it was established by the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act under President Barack Obama and the Democrat-led Congress.