The Consumer Financial Protection Bureau may not have taken any enforcement or supervisory actions during the four months that acting director Mick Mulvaney has been at the helm of the agency, but the agency did make one announcement today: it has its first-ever seal.
The CFPB announced the unveiling of its new seal today in a blog post.
It is the first seal for the six-year old agency, which was born out of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The seal depicts three dates – 1776, 1787, and 2010. The 1776 denotes the year that the United States declared its independence from Great Britain, while 1787 marks the year the Constitution was signed. The year 2010 is when the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted.
The seal also includes scales, a key, and a “beacon of fire.” The scales represent justice. The key represents financial security. And the beacon of fire “symbolizes transparency in the financial marketplace, along with vigilance and the revelation of knowledge,” according to the agency.
The seal also includes three stars above an eagle with its wings raised. The stars represent the CFPB’s three “pillars”: to serve, lead, and innovate. The eagle’s breastplate is a shield symbolizing protection.
At least one law professor had an interesting take on the unveiling.
https://twitter.com/AdamLevitin/status/980866516605423621
https://twitter.com/AdamLevitin/status/980866920802082816
https://twitter.com/AdamLevitin/status/980867771717349376
https://twitter.com/AdamLevitin/status/980868917961875456
