Liberal Forum

Just a quick recap from AI:

The Consumer Financial Protection Bureau (CFPB) is a regulatory agency in the United States that focuses on protecting consumers in the sector. It was established in response to the 2008 financial crisis as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
The CFPB is responsible for ensuring that consumers are treated fairly by, lenders, and other financial institutions. It does this by enforcing federal regulatory laws related to consumer financial products and services. Its jurisdiction covers various areas like mortgage lending, payday loans, debt collection, and credit reporting, among others.
In addition to its enforcement duties, the CFPB also provides educational resources to help consumers make informed financial decisions, takes consumer complaints, and promotes financial literacy. It aims to prevent unfair, deceptive, or abusive acts or practices in the provision of consumer financial products or services.

Should the Consumer Financial Protection Bureau even exist? Does it serve some useful purpose? Obviously the financial leadership in our country are not known as fair and honest in all situations. Still, is this necessary or another example of waste?