Consumer Financial Protection Bureau (CFPB)
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 provide clear and fair information about products like loans, credit cards, and mortgages. The CFPB regulates these institutions, addresses consumer complaints, and enforces laws to prevent unfair, deceptive, or abusive practices. Its goal is to promote transparency, empower consumers, and maintain a stable financial marketplace, making it easier for individuals to make informed financial decisions and avoid fraud or exploitation.
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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 oversees financial products and services, such as loans and credit cards, ensuring that companies follow fair practices. The CFPB educates consumers about their rights, helps them understand financial products, and addresses complaints against lenders. Its mission is to promote transparency and prevent abusive practices, ultimately making financial markets work better for everyone.