Lurch Created by Dodd-Frank

Exactly what did Dodd-Frank create?

The "Consumer Financial Protection Bureau."  Feel good?

Don't.

The reality is the agency, created by the Dodd-Frank law, will be run by a single director who can be removed by the President only under extreme circumstances; will have over $500 million to spend without getting Congressional approval, and will duplicate the functions of other agencies (i.e. another layer of bureaucracy).

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