{"id":687,"date":"2011-01-21T05:00:00","date_gmt":"2011-01-21T10:00:00","guid":{"rendered":"https:\/\/dev.pirg-test.com\/georgia\/edfund\/resources\/halfway-consumer-financial-protection-bureau\/"},"modified":"2022-08-06T07:48:00","modified_gmt":"2022-08-06T11:48:00","slug":"halfway-to-the-consumer-financial-protection-bureau","status":"publish","type":"resource","link":"https:\/\/dev.pirg-test.com\/georgia\/edfund\/resources\/halfway-to-the-consumer-financial-protection-bureau\/","title":{"rendered":"Halfway to the Consumer Financial Protection Bureau"},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":false,"_yoast_wpseo_meta-robots-nofollow":false,"_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":""},"campaign_tax":[],"display_option":[],"issue_tax":[],"resource_type":[64],"region_tax":[],"state":[13],"topic_tax":[],"class_list":["post-687","resource","type-resource","status-publish","hentry"],"acf":{"details":{"helper_taxonomies":{"topics":false,"collection":false,"press_type":false,"person_type":false,"resource_type":64,"event_type":false,"campaigns":false,"department":false,"level":false,"states":[13],"act_option":false,"display_option":false,"primary":{"topic":null}},"subtitle":"An AFR Progress Report on \u201cStanding Up\u201d the New Consumer Financial Protection Bureau","excerpt":"CFPB Implementation Team staff are making significant progress in their efforts to both build an effective agency and be ready to perform required functions by the transfer date (July 21, 2011). Based on our analysis of several key metrics, on the date halfway between passage and startup, the CFPB Implementation Team is properly focusing on key goals and outcomes. Moreover, the high\u2010quality of its early hires will give it the CFPB the ability to significantly broaden and accelerate its activities over the next six months.\nAt the same time, the CFPB has some major challenges before it. It must defend itself against ongoing special interest attacks and one\u2010sided Congressional inquiries. To achieve its full potential on the transfer date, it must have a director confirmed by the Senate who is committed to strong consumer protection. While the CFPB enabling legislation gives the Treasury Secretary authority to run the agency in the absence of a director after July 21, the confirmation of a director provides additional new powers current regulators do not have.","featured_image":"","caption_override":"","updated_on":null,"sidebar_action":null,"related_event":null,"hide_hero_image":false,"location":"","external_link":{"publication_name":"","url":""},"file":null,"sidebar_action_query_string":""},"helper_people_group":{"title":"Authors","entities":null},"helper_downloads":{"title":"Downloads","files":[{"file":100000000020363,"title":"Halfway-to-the-CFPB-Report_0"}]},"page_layout":[{"acf_fc_layout":"layout_wysiwyg","_acfe_flexible_toggle":"","component_wysiwyg":{"content":"\n
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While the CFPB enabling legislation gives the Treasury Secretary authority to run the agency in the absence of a director after July 21, the confirmation of a director provides additional new powers current regulators do not have.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.pirg-test.com\/georgia\/edfund\/resources\/halfway-to-the-consumer-financial-protection-bureau\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Halfway to the Consumer Financial Protection Bureau\" \/>\n<meta property=\"og:description\" content=\"CFPB Implementation Team staff are making significant progress in their efforts to both build an effective agency and be ready to perform required functions by the transfer date (July 21, 2011). Based on our analysis of several key metrics, on the date halfway between passage and startup, the CFPB Implementation Team is properly focusing on key goals and outcomes. Moreover, the high\u2010quality of its early hires will give it the CFPB the ability to significantly broaden and accelerate its activities over the next six months. At the same time, the CFPB has some major challenges before it. It must defend itself against ongoing special interest attacks and one\u2010sided Congressional inquiries. To achieve its full potential on the transfer date, it must have a director confirmed by the Senate who is committed to strong consumer protection. 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