What is the role of the Consumer Financial Protection Bureau (CFPB) in prosecuting consumer fraud?

The Consumer Financial Protection Bureau (CFPB) is an agency of the Federal Government. Its mission is to make consumer financial markets work for consumers, responsible providers, and the economy as a whole. In Hawaii, the CFPB is responsible for enforcing federal laws that protect consumers from unlawful financial practices. This includes prosecuting consumer fraud. When it comes to consumer fraud, the CFPB has the authority to investigate fraud and take action against companies or individuals that are violating the law. The CFPB brings cases against businesses that are engaging in deceptive or unfair practices by issuing warnings, civil penalties, and enforcing court orders. The CFPB may also seek refunds for consumers who are victims of fraud. The CFPB also provides consumer education on topics such as avoiding scams, understanding debt, and improving financial literacy. It also works closely with state and local law enforcement to investigate and prosecute consumer fraud. The CFPB has sought millions of dollars in consumer relief from companies that have broken the law. In summary, the CFPB plays a critical role in prosecuting consumer fraud. It has the authority to investigate deceptive or unfair practices, bring charges against businesses that are violating the law, and provide consumer education. The CFPB also works with state and local law enforcement to ensure that consumers are protected from fraud in Hawaii.

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What is the role of the Consumer Financial Protection Bureau (CFPB) in prosecuting consumer fraud?

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