Question

The _________is an independent agency within the Federal Reserve System that "regulate[s] the offering and provision of consumer financial products or services under the Federal consumer financial laws."

a. Consumer Financial Protection Bureau
b. Federal Reserve
c. World Trade Organization d. Department of Justice
e. Federal Trade Commission

Answer 1

The Consumer Financial Protection Bureau (CFPB) is an independent agency within the Federal Reserve System that regulates the offering and provision of consumer financial products or services.

Step-by-step explanation:

The correct answer is a. Consumer Financial Protection Bureau. The Consumer Financial Protection Bureau (CFPB) is an independent agency within the Federal Reserve System that regulates the offering and provision of consumer financial products or services under the Federal consumer financial laws. It was established in 2011 to oversee certain financial industries that had proven to be prone to abusive practices. The CFPB ensures that businesses do not mislead consumers with deceptive or manipulative practices.