What is the federal Consumer Financial Protection Bureau?

The Consumer Financial Protection Bureau (CFPB) is a federal agency in the United States that was created to help protect consumers from unfair, deceptive, or abusive practices related to financial products and services. This includes mortgages, credit cards, student loans, and other consumer debt products. The CFPB was created to provide oversight of all banks and other financial institutions in the United States, including those located in Hawaii. This means that all banks and other financial institutions are subject to CFPB’s regulations and must ensure they comply with federal consumer financial protection laws. The CFPB is responsible for making sure that financial institutions comply with consumer financial laws and regulations, including those related to mortgages, credit cards, student loans, and other consumer debt products. This includes ensuring that banks and other financial institutions provide accurate disclosures to their customers and follow responsible lending practices. The CFPB also investigates consumer complaints and proposes rules that can help consumers make educated financial decisions. This includes providing consumer education resources and consumer complaint information. In Hawaii, the CFPB is also responsible for providing licensing and registration services for non-bank lenders and consumer lenders.

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What is the federal Consumer Financial Protection Bureau?

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