Warren’s Brainchild CFPB Finds Footing After Decade of Pushback

Banks and other financial services firms face a more sure-footed Consumer Financial Protection Bureau that has weathered constitutional challenges, leadership changes, and political sniping in its first decade.

The CFPB marks its 10th anniversary Wednesday, capping a tumultuous period in which it established landmark mortgage rules after the financial crisis, attempted to regulate payday lenders, and collected $14 billion from enforcement actions—all while fending off legislative and legal attempts to curb or even eliminate the agency.

The bureau also saw a major shift in leadership and priorities, from a more aggressive director appointed by President Barack Obama to leaders installed ...