consumer protection in finance

Consumer protection in finance involves laws and regulations that safeguard individuals from unfair, deceptive, or abusive practices by financial institutions. It ensures transparency, fair treatment, and access to accurate information about financial products like loans, credit cards, and investments. These protections help consumers make informed decisions, prevent fraud, and resolve disputes. Agencies such as the Consumer Financial Protection Bureau (CFPB) enforce these rules, promoting trust and stability in the financial system. Overall, it aims to provide consumers with confidence and security in managing their financial resources.