About a year before the subprime mortgage meltdown brought the global financial system to its knees, a Harvard Law School professor made the case for launching a new regulator to protect consumers getting ripped off by mortgages, car loans and other financial products.
After the Great Financial Crisis, that professor — now-Sen. Elizabeth Warren — got her wish. In 2010, Congress voted in favor of a sweeping financial overhaul that created the Consumer Financial Protection Bureau.
The new watchdog, reviled by the banking industry, would go on to return nearly $20
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