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Elizabeth Warren, then a special adviser instrumental in the bureau's formation, explained in House testimony that CFPB's overall goal was "making markets for consumer financial products and services work in a fair, transparent, and competitive manner." She also listed the bureau's priorities as follows: mortgages, credit cards, financial education, consumer complaints, information technology, and supervision, enforcement, and fair lending.
Consumer Financial Protection Bureau
But over five years after the crash, the big banks are more concentrated and more interconnected and their appetite for excessively risky behavior is unchanged. The biggest banks are substantially bigger than they were in 2008. In fact, the five biggest banks now control more than half the nation's total banking assets.
WASHINGTON -- The U.S. House of Representatives on Tuesday passed a financial deregulation package that would benefit the Koch brothers and the nation's largest banks by a vote of 265-143.
The legislation would significantly weaken elements of the 2010 Dodd-Frank financial reform law dealing with derivatives -- the complex products at the heart of the 2008 meltdown. Many components of the bill approved Tuesday had previously passed the House with bipartisan support. However, Democratic backing had been weakest on the most controversial measure, which allows U.S. firms to skirt domestic regulations on some derivatives by conducting trades through offshore affiliates in other major financial centers.
originally posted by: links234
a reply to: xuenchen
Really? Which ones? I didn't see very many large banks contributing to her when I looked here.