CFPB Supervision and Enforcement

The CFPB (Consumer Financial Protection Bureau) oversees financial institutions to ensure they follow laws protecting consumers. Its supervision involves reviewing banks, lenders, and other financial companies to ensure they act fairly and transparently. Enforcement involves investigating and addressing violations, such as unfair practices or fraud, by taking actions like fines or corrections. The goal is to promote a trustworthy financial system where consumers are treated honestly and their rights are protected. Overall, CFPB supervision and enforcement help maintain a fair marketplace for financial products and services.