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August 3, 2015

Four years in, consumer agency has plenty to do

  • The Consumer Financial Protection Bureau was given a mammoth task: root out bad behavior in the financial services industry.
    • By KEN SWEET
    AP Business Writer

    The nation's youngest government agency recently celebrated its four-year anniversary, and it's still got plenty to do.

    The Consumer Financial Protection Bureau was born out of the Dodd-Frank financial overhaul law that passed in 2010 and started a year later. It was given a direct, but mammoth task: regulate and root out bad behavior in the financial services industry, from checking accounts to credit cards, mortgages to debt collection, and more.


     
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