What is the Consumer Financial Protection Bureau?

The Consumer Financial Protection Bureau (CFPB) is an independent federal government agency in the United States that protects consumers from unfair, deceptive, or abusive practices and takes action against companies that break the law. The CFPB is based in Washington, D.C. and has regional offices throughout the country. In Delaware, the CFPB works with state and local governments to help make sure consumers have access to financial services and products that are safe, affordable, and available. The CFPB’s mission is to make sure lenders, banks, and other financial services companies are fair, transparent, and competitive. It monitors banks, credit unions, payday lenders, debt collectors, and other financial services companies to make sure they don’t take advantage of consumers. The CFPB also works to protect consumers’ private financial information, such as social security numbers, bank account information, and credit card numbers, and ensure that products and services comply with consumer laws. The CFPB has the ability to create rules and regulations for the banking and financial services industry, enforce existing laws, and take action against companies that break the law. It also provides consumers with resources to help them make informed decisions about their finances. Through its website, the CFPB provides consumer education materials, financial calculators, and a consumer complaint database to help consumers protect their rights and stay informed.

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What is the Consumer Financial Protection Bureau?

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