What is the federal Consumer Financial Protection Bureau?

The Consumer Financial Protection Bureau (CFPB) is a federal agency that was created in 2011 to help protect consumers when they are dealing with financial services like loans, credit cards, mortgages, and other banking products. The CFPB is responsible for creating and enforcing consumer protection laws, as well as monitoring and enforcing compliance with those laws. They also work to improve financial education and to provide consumer complaints and feedback to banks and other lenders. In Texas, the CFPB has the authority to take action against any bank or lender if they’re found to be in violation of consumer finance laws. The CFPB also works with state and local governments, as well as consumer advocacy and civil rights organizations to ensure that everyone is treated fairly when it comes to banking. The CFPB is committed to ensuring that all consumers have access to transparent, fair, and responsible banking services, so that people can feel confident when it comes to banking in Texas.

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What is the federal Consumer Financial Protection Bureau?

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