Peter A. Peyser, a managing principal at Blank Rome Government Relations, argues that the Consumer Financial Protection Bureau's powers are largely being transferred from other agencies. He also explains that there are several congressional and regulatory committees overseeing the new CFPB. "The area where the CFPB has the most free rein is not so much in exercising regulatory powers as it is in exercising its access to the media," Peyser writes.

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