CFPB was also part of the handiwork of a true "enemy" of decent people-who-for-a-living in the United States, namely Mr. Mick Mulvaney. The current "interim" (

CFPB was also part of the handiwork of a true "enemy" of decent people-who-for-a-living in the United States, namely Mr. Mick Mulvaney. The current "interim" (wink wink) chief of staff at the White House which on its face is absolutely horrifying for a superpower but that's another issue for another day Pardon the businessinsider, this article summarizes pretty well Mr. Mulvaney's extracurricular activities there : https://static1.businessinsider.com/mick-mulvaney-turned-the-cfpb-into-a-do-nothing-government-cog-2018-7 https://static1.businessinsider.com/mick-mulvaney-turned-the... To be clear, you can have a good faith disagreement about how responsible people should be or how much government regulation you like but in this case specifically, this isn't a gee-golly difference of opinion on the scope/reach of government. Just speaking personally, I don't much want any gov regulation or intervention anywhere-- especially these days with who is charge-- but it was sure nice for about 15 minutes for there to be a public institution that provided some assurance that scumbag financial institutions who provably & very much regularly screwed over "little people" in little ways could be held to account in some measure. For the guv'mint is too big crowd, the CFPB was the agency which help expose Wells Fargo bank’s fake account scams. (If unfamiliar, these are some of the gory details: https://www.washingtonpost.com/news/business/wp/2016/09/08/wells-fargo-fined-185-million-for-creating-accounts-its-customers-didnt-ask-for/ https://www.washingtonpost.com/news/business/wp/2016/09/08/w...) Another meat-and-potatoes example: pre-paid credit cards (a $65 billion industry in 2012 according to Pew.) Before the CFPB, prepaid credit card offers were dense and confusing legal documents , but this is what those offers must look like now: https://www.creditcards.com/credit-card-news/wp-content/uploads/prepaid-card-label-lg.jpg https://www.creditcards.com/credit-card-news/wp-content/uplo... They've even has a catchy line: “know before you owe!” Regular are getting hurt and when the next crisis comes we're going in a worse position to the efforts of these ridiculous characters like Mr. Mulvaney