THE CONSTITUTIONAL CASE AGAINST THE CONSUMER FINANCIAL PROTECTION BUREAU
WHEN CONGRESS PASSED the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, it created a powerful new federal agency charged with policing the financial sector. A brainchild of then–Harvard law professor Elizabeth Warren, the Consumer Financial Protection Bureau (CFPB) was supposed to safeguard the interests of American consumers by implementing and enforcing a wide array of federal regulations.
The CFPB was also designed to
