What is the federal Consumer Financial Protection Bureau?

The federal Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government that was created to protect consumers from unfair, deceptive, or abusive practices in the consumer financial products and services markets. It was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. The CFPB is responsible for regulating the offering and provision of consumer financial products or services under the federal consumer financial laws. In Georgia, the CFPB oversees a variety of consumer protection laws, including those that relate to banks and credit unions, mortgage brokers, payday lenders, and debt collectors. The CFPB is also responsible for enforcing these laws and can take action against entities that violate them. The CFPB has also created an online consumer complaint database that allows consumers to submit complaints regarding their experiences with consumer financial products and services.

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What is the federal Consumer Financial Protection Bureau?

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