Consumer Finance Protection Bureau (CFPB)

The Consumer Financial Protection Bureau (CFPB) is a U.S. government agency established in 2010 to protect consumers in the financial sector. Its main role is to ensure fair treatment by banks, lenders, and other financial institutions. The CFPB creates and enforces rules to prevent unfair practices, helps consumers understand their rights, and provides resources for financial education. It also allows consumers to file complaints against financial companies and investigates issues in the industry. Overall, the CFPB aims to promote transparency and accountability, ensuring that consumers are treated fairly in financial transactions.