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A Watchdog Grows Up: The Inside Story of The Consumer Financial Protection Bureau

In late 2011, a quiet revolution took place at the corner of 17th and G streets NW.

About 500 federal workers were vacating the drab, 1970s-era headquarters of the Office of Thrift Supervision. The agency had just been scrapped for its role in the financial crisis, which in retrospect seemed almost inevitable: Its primary mission had been to keep banks solvent, and its budget depended on how many of them chose it as their regulator, leading to almost criminal complacence.

via A watchdog grows up: The inside story of the Consumer Financial Protection Bureau.

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