Rep. Maxine Waters, D-CA, and other Democrat members of the House Financial Services Committee recently released a detailed report in defense of the CFPB and its accomplishments in protecting consumers in the wake of the mortgage market collapse and the financial crisis that led to the Great Recession. “The consumer bureau has worked tirelessly to comply with its statutory mandate to ensure consumers are treated fairly, and that financial institutions are held accountable for predatory and other unscrupulous conduct,” the report said. According to the minority report, the CFPB has produced strong results, such as returning almost $12 billion to 29 million harmed consumers; implementing rules ensuring consumers have access to a fair and competitive marketplace; and requiring clear disclosures ...