Which of the following is a reason to believe that the CFPB has too much power?

Multiple Choice

• Because fiancial regulation is too expensive for financial institutions.

• Because politicians have created too many regulators since 2000 as, in reality, the risks are not that great.

• Because the banks are quite afraid of the CFPB.

• Because the CFPB has saved US financial consumers billions of dollars.

• Because the CFPB pretty much does whatever they want.