Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) is a U.S. government agency created to protect consumers in the financial sector. Established after the 2008 financial crisis, its main purpose is to oversee financial products and services, such as loans and credit cards, ensuring they are fair, transparent, and easy to understand. The CFPB enforces laws against deceptive practices, educates consumers about their rights, and provides a platform for complaints against financial companies. By promoting transparency and accountability, the CFPB aims to help consumers make informed financial decisions and avoid unjust practices.
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The Consumer Financial Protection Bureau (CFPB) is a U.S. government agency established to protect consumers in the financial sector. It ensures that financial institutions—like banks and credit card companies—treat people fairly and don’t engage in deceptive practices. The CFPB provides resources and information to help consumers make informed financial choices and also tackles issues such as unfair fees, misleading advertising, and loans that trap people in debt. Essentially, its goal is to create a safer financial marketplace where consumers can confidently manage their money and seek recourse if they encounter problems.