Consumer Financial Protection Bureau: Difference between revisions

However, Cordray's nomination was immediately in jeopardy due to 44 [[United States Senate|Senate]] Republicans vowing to derail any nominee in order to encourage a decentralized structure of the organization. Senate Republicans had also shown a pattern of refusing to consider regulatory agency nominees.<ref>{{cite web|url=https://www.nytimes.com/2011/07/19/business/dodd-frank-under-fire-a-year-later.html|title=Dodd–Frank Under Fire a Year Later|access-date=July 22, 2011|date=July 18, 2011|work=The New York Times|author=Wyatt, Edward}}</ref><ref>{{cite web |author=Epstein, Reid J. |date=July 21, 2011 |title=Richard Shelby: Richard Cordray is DOA |url=http://www.politico.com/news/stories/0711/59545.html |access-date=July 22, 2011 |work=[[Politico (newspaper)|Politico]]}}</ref>

Since the CFPB database was established in 2011, more than four million complaints have been published.<ref>{{cite web |title=Four million complaints: More than just a milestone |date=September 29, 2023 |url=https://www.consumerfinance.gov/about-us/blog/four-million-complaints-more-than-just-a-milestone/}}</ref> CFPB supporters include the [[Consumers Union]] claim that it is a "vital tool that can help consumers make informed decisions".<ref name="AP_T100_CFPB_closure" /> CFPB detractors argue that the CFPB database is a "gotcha game" and that there is already a database maintained by the [[Federal Trade Commission]] although that information is not available to the public.<ref name="AP_T100_CFPB_closure" />