In 1993, Congress passed the Brady Handgun Violence Protection Act, which created a national background-check system and a list of people forbidden to own a gun: felons, the mentally ill, persons who committed a domestic-violence misdemeanor, drug addicts and the dishonorably discharged.

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Watch the video below, or check out this handy explainer, Consumer Financial Protection Bureau 101: Why We Need a Consumer Watchdog.

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But a recent study by the Consumer Financial Protection Bureau found that only less than 20 percent of consumers check their credit report each year.

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Child protection expert Jim Gamble said Facebook's age policy was difficult to check.

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For example, the LLC needs its own bank account, and if you accept a rent check written out to you instead of the LLC, the liability protection can be destroyed.

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