Bureau of Consumer Financial Protection (BCFP)

The Bureau of Consumer Financial Protection (BCFP), also known as the Consumer Financial Protection Bureau (CFPB), is a U.S. government agency that aims to protect consumers in the financial marketplace. It enforces laws that ensure fair treatment in services like mortgages, credit cards, and loans, preventing deceptive practices and promoting transparency. The BCFP also oversees financial institutions to ensure they follow rules and provides resources to help consumers make informed financial decisions. Its goal is to create a fairer, more transparent financial system for everyday consumers.