Perhaps no federal agency has more on the line in the election than the Consumer Financial Protection Bureau. Barely a year old, the agency has been denounced from its inception by the business community and Republicans in Congress, who complain that it is too powerful, too aggressive and lacks accountability.
If Mitt Romney is elected president, lawyers who follow the agency closely agree it will change, though they disagree about how drastic the makeover may be. On the other hand, if Barack Obama is re-elected, lawyers and their clients are bracing for even more vigorous enforcement actions.
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