The purpose of the consumer financial protection bureau (cfpb) is accurately explained by the statements;
- To protect consumers from unfair and deceptive financial practices
- To promote financial services innovations
- To ensure that consumers have clear and timely loan details
What is consumer financial protection bureau?
The US government's independent Consumer Financial Protection Bureau is in charge of safeguarding consumers in the financial industry.
The Consumer Financial Protection Bureau takes legal action against businesses that violate the law and safeguards customers against unfair, abusive, or misleading acts. We give people the knowledge, strategies, and resources they need to make wise financial decisions.
missing option;
To protect consumers from unfair and deceptive financial practices
To promote financial services innovations
To reduce financial services innovations
To ensure that consumers have clear and timely loan details