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Richard Cordray

Four years in, consumer protection agency has plenty to do

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. The CFPB's existence has been brief, but it hasn't been quiet. The agency has extracted billions in settlements from the big banks. Is looking to regulate the payday lending industry at the federal level for the first time....