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The CFPB Spotlight


Welcome to CFPB Spotlight, a project of the U.S. Chamber’s Center for Capital Markets Competitiveness (CCMC).


On July 21, 2010, President Obama signed the Wall Street Reform and Consumer Protection Act, a bill that will bring sweeping changes to the way the financial services industry is regulated, and the way that financial products are delivered to consumers. A primary keystone of  this legislation is the new Bureau of Consumer Financial Protection (CFPB), an agency that will have unprecedented power and authority to regulate the market for consumer financial products. The impact of this agency will be felt across the country by businesses and individual consumers for years to come.


We have launched this site to shine a spotlight, and keep the public informed, as the government takes on the task of building, staffing, and setting forth an agenda for the CFPB. By design, the CFPB will be most powerful federal financial regulator whose independence is established by limiting congressional oversight and that of the President. In this critical role, the CFPB will shape the market for consumer credit for years to come, particularly as consumers and small businesses struggle to access the credit they need to drive our economic recovery.