Born out of the 2007-09 financial crisis when millions of Americans lost their homes due to foreclosures, the Consumer Financial Protection Bureau (CFPB) has been a political lightning rod from the start. Liberals see the agency's core mission as protecting consumers against a sometimes rapacious financial industry. Created in 2010 during the Obama administration, the CFPB began reforming standards for mortgage lenders, debt collectors, payday lenders and others. But conservatives say the CFPB has too much power and lacks accountability, and that its regulatory efforts actually hurt consumers by limiting their ability to get financial help. This debate became more heated during the Trump administration. Under the leadership of Mick Mulvaney, a fierce agency critic, and then Kathy Kraninger, the CFPB scaled back its activities, ...

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