Consumer protection agency wants to promote private enforcement of finance laws.
Law professor argues that financial reform legislation hurts consumers.
Recent agency study reveals most consumers re-borrow within two weeks of their first payday loan.
Consumer Financial Protection Bureau seek to assert rulemaking powers to oversee debt collectors.
Agency offers institutions guidance on financial regulation compliance.
Proposed rule to protect nearly 50 million Americans with student loan debt.
To increase transparency, Bureau releases 90,000 consumer financial complaints