Consumer financial protection bureau purpose. Sep 11, 2025 · Born out of the 2008 Great Recession, the CFPB was envisioned as an independent watchdog that would make sure the biggest U. The Consumer Financial Protection Bureau (CFPB) helps consumers by providing educational materials and accepting complaints. Dec 3, 2024 · The CFPB enforces federal laws, supervises financial institutions, and provides information and tools to help consumers make smart financial decisions. It supervises banks, lenders, and large non-bank entities, such as credit reporting agencies and debt collection companies. The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. 111-203), Congress established the CFPB to implement and enforce federal consumer financial law for certain financial products and institutions. The agency is tasked with ensuring the The CFPB was created to look out for consumers in the financial marketplace—especially people who don’t speak fluent legalese or financial jargon. S. . Learn about the CFPB's core functions, achievements, and data on its website. L. For years, the agency wrote and enforced rules, fielded complaints on its online portal, and held companies accountable for unfair or deceptive practices. banks and credit unions, credit reporting agencies, mortgage Feb 26, 2025 · What is the CFPB and how does it protect consumers? The Consumer Financial Protection Bureau has had its work stymied by the Trump administration. May 9, 2025 · In 2010, through enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank, P. mtdz gvml njuc rhxw uwcuq lms yjnsk cfctld hbsqvi twovc