What is the federal Consumer Financial Protection Bureau?

The Consumer Financial Protection Bureau (CFPB) is a federal agency created by Congress in 2010 to protect consumers and promote fairness in the banking and financial services industry. The mission of the CFPB is to make consumer financial markets work for consumers, responsible providers, and the economy as a whole. The CFPB is responsible for enforcing consumer protection laws, monitoring financial services markets, educating consumers, and helping to ensure fair, transparent, and competitive markets. In Oregon, the CFPB works with the Department of Finance and Corporate Securities (OFCS) to ensure that state banking law is being enforced. The CFPB and OFCS work together to ensure that consumers are protected from unfair, deceptive, and abusive practices and that banks are following the laws that govern them. The CFPB also provides resources and education to Oregon consumers on how to make sound financial decisions. The CFPB is an independent agency that works within the U.S. federal government. It is led by a Director appointed by the President of the United States and approved by the Senate. The CFPB works to ensure that Oregon consumers receive fair and unbiased treatment from financial services providers. The CFPB also works to ensure that banks in Oregon are following state banking law and the protections put in place by Congress.

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What is the federal Consumer Financial Protection Bureau?

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