The Consumer Financial Protection Bureau will have its first birthday on Saturday, but we’re only cautiously celebrating. The watchdog agency’s long-term survival is still an open question.

Republican presidential candidate Mitt Romney has vowed to repeal the Dodd-Frank Act, which created the bureau, if elected. A complete repeal of the law would dismantle the bureau, which serves as the first line of defense for consumers against businesses, fielding complaints about everything from applying for a mortgage to taking out a loan for college.

The GOP and the banking industry fought to prevent the bureau’s creation and have repeatedly tried to weaken and kill it.

Source: HuffingtonPost