Pandora's Bureau: How the CFPB Opened the Door to Financial Chaos

When the Consumer Financial Protection Bureau (CFPB) was founded in 2011, its mission was cloaked in the rhetoric of righteous reform: to protect the American consumer from the rapacity of a financial system run amok. Yet this 'reform' recalls Cicero's warning that 'the more laws, the less justice,' as noble intentions have bred unintended consequences,…