Rep. Barney Frank, D-Mass., on Wednesday introduced HR 3126, a House bill that would enact President Obama’s plan to create the Consumer Financial Protection Agency (CFPA). Proponents said in establishing the CFPA, HR 3126 — The Consumer Financial Protection Agency Act of 2009 — strengthens protection for consumers who purchase financial products like mortgages, credit cards and other loans from banks and non-bank financial institutions.