Created in the wake of the Great Recession of 2008-2009, the CFPB was tasked with protecting the American consumer from perceived excess fees being charged in financial transactions. As interesting as that mission is, the average person is blissfully unaware of what the CFPB does, or that it even exists. It is an agency that often flies under the radar for most, but it is important to understand that the agency is making moves at this time that will broaden its overall powers.
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