ABUSIVE: DODD-FRANK SECTION 1031 AND THE CONTINUING STRUGGLE TO PROTECT CONSUMERS by ProQuest

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									ABUSIVE: DODD-FRANK SECTION 1031 AND
    THE CONTINUING STRUGGLE TO
         PROTECT CONSUMERS
                             CAREY ALEXANDER†

                                INTRODUCTION
     On July 21, 2011, the Consumer Financial Protection Bureau
(“Bureau” or “CFPB”) stood up and gazed over a fragmented and
ineffective regulatory landscape.1 Armed with the power to
stamp out abusive practices, the CFPB represents Congress’s
latest and most potent stab in its century-long struggle to protect
consumers.2 Originally proposed only in 2007,3 the Bureau was
ushered into the United States Code via Title X of the Dodd-
Frank Wall Street Reform and Consumer Protection Act4 (“Dodd-
Frank”) with remarkable speed in response to a remarkable
crisis.5




     †
       Associate Managing Editor, St. John’s Law Review; J.D. Candidate, 2012, St.
John’s University School of Law; B.A., 2004, Skidmore College. My endless thanks to
Professor Jeff Sovern for being the epitome of a great advisor: generous with his
ideas, accomodating with his time, and supportive throughout.
     1
       See Designated 
								
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