the cfpb was created as a result of
Consumer Financial Protection Bureau The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession.[4] The CFPB's status as an independent agency is currently questioned due to a circuit split in the U.S. Court of Appeals and a New York Federal District Court.[5]