Law360, New York (September 06, 2012, 12:37 PM ET) -- Imagine
this 2017 news story: Congress Expands The CFPB's Reach To
Mattress Companies As Nation Endures Severe Mattress Shortage
Sept. 1, 2017--Today Congress passed legislation authorizing the
Consumer Financial Protection Bureau to expand its reach to
regulate the production and quality of mattresses. After the
overwhelming cost of compliance under the Consumer Protection Act
and the CFPB's regulations forced credit unions and community
banks to shut their doors, the "too big to fail" banks
have all merged into two remaining banks, the National Banking
League and the American Banking League. The resulting lack of
competition in banking has driven prices higher. Those individuals
who choose to avoid these high costs of banking have resorted to
keeping their money under their mattresses. The CFPB has been
increasingly concerned that these mattresses may not be of a
sufficient quality material, and the cash may
