Since we passed the Dodd-Frank Act that created the CFPB back in 2010, the CFPB has effectively fulfilled its mission to protect consumers from unfair, deceptive, and abusive practices in financial markets, despite coming under continual attack.
Foster defends the CFPB's effectiveness since its creation amid ongoing criticism.
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I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.
I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.
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