It directly addresses the notion posed by the commenter I was replying to with regard to the origin of banking regulations.

We have, in no particular order:

- The FDIC

- The SEC

- The Federal Reserve Board

- The Office of the Comptroller of the Currency

Those agencies regulate banking. Then we can go further and we have:

- The National Credit Union Organization

- The Financial Industry Regulatory Authority (FINRA)

- The Financial Insurance Office (part of Treasury)

- The Office of Foreign Assets Control

- The Securities Investor Protection Corp.

- The Commodity Futures Trading Commission

- EBISA, ERISA, PBGC for retirement plans...

And we need an additional agency because...?

We don't need the CFPB.