; sense of Congress (a) Findings The Congress finds the following: (1) The Dodd-Frank Wall Street Reform and Consumer Protection Act ( Public Law 111–203 ) ( Dodd-Frank ), was signed into law on July 21, 2010, in order to, among other things, advance the goals of protecting consumers from unfair, deceptive and abusive financial services practices and products that led to the 2008 financial crisis. (2) Title X of Dodd-Frank established a new Federal independent watchdog, commonly known as the Consumer Financial Protection Bureau ( Consumer Bureau ), with broad authority to ensure all hardworking American consumers are given clear, accurate information that they need to shop for mortgages, credit cards, and other consumer financial products or services and to protect consumers from hidden fees, abusive terms and other unfair, deceptive, or abusive practices through strong enforcement of Federal consumer financial laws. (3) Before the Consumer Bureau was established, Federal financial regulators were tasked with the dual responsibilities of supervising institutions for safety and soundness and compliance with consumer protections under Federal consumer financial laws. These agencies often prioritized the profitability of their regulated entities over the protection of consumers, even when institutions were found to have engaged in practices detrimental to their own customers’ financial well-being. (4) Congress purposefully created the independent Consumer Bureau within the Federal Reserve System to address past regulatory gaps in our country’s financial services regulatory regime, in which Federal financial regulators were too reluctant to exercise their rulemaking and enforcement authorities to protect consumers from the misdeeds of their regulated entities, that resulted in the most severe global financial crisis since the Great Depression. In doing so, Congress explicitly laid out in statute the Consumer Bureau’s purpose, five objectives, and six primary functions. Specifically: (A) Section 1021(a) of Dodd-Frank