This column is the second in a series of articles on the coming of the Consumer Financial Protection Bureau and the direction it is likely to take in the regulation of consumer financial products and services.
We know that the Consumer Financial Protection Bureau is a big, new, powerful federal agency that is set to open its doors in just a few short months. But what subject matter will the bureau cover? And who falls within its sphere of power? To get to the bottom of this, we need to spend a little time examining some of the critical definitions in Title X of the Dodd-Frank Act.