On July 21st, the Consumer Financial Protection Bureau formally opened. It announced that its Consumer Response Center has begun accepting credit card complaints and will soon handle complaints about other consumer financial products and services under its jurisdiction. CFPB Press Release. The Washington Post reported that as the Bureau opened, the House passed a bill revamping its structure. The bill, which is unlikely to pass the Senate, would give the Financial Stability Oversight Council veto power over the CFPB and create a five-member commission to run it. Bill. On July 22nd, Corporate Counsel provided three professors' views on the impact that the agency will have. Views.