Consumer Financial Protection Bureau (CFPB)
The Consumer Financial Protection Bureau is a vital agency established to protect consumers from unfair, deceptive, or abusive practices in the financial sector. Its primary role is to implement and enforce federal consumer financial laws, ensuring that consumers have access to clear and accurate information regarding financial products such as mortgages, credit cards, and loans. The CFPB investigates complaints, conducts research, and takes action against companies that violate consumer rights, promoting fairness and transparency in the marketplace. By serving as a central authority for consumer financial protection, the CFPB aims to empower consumers and foster a more equitable financial system.