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A Court Ruled Against Elizabeth Warren’s Brainchild—and Saved It

Republicans and their business allies have been trying to nullify Elizabeth Warren’s brainchild, the Consumer Financial Protection Bureau, since its inception. And that makes sense, since in its first five years, CFPB has taken $11 billion in illegally gotten gains from financial-industry balance sheets and returned them to consumers. No other agency in the federal government has such a clear mission to protect the public from fraudulent scams, and despite the ferocious pushback, it has succeeded in making post-Great Recession financial purchases a little less hazardous.
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