What types of financial products and services are regulated by the CFPB?

The Consumer Financial Protection Bureau (CFPB) regulates a wide range of financial products and services to protect consumers. These include mortgages, credit cards, auto loans, payday loans, student loans, banking services, and more. The CFPB ensures that financial providers comply with fair lending practices, transparency requirements, and consumer protection laws. They enforce regulations to prevent deceptive practices, address discrimination, and promote financial education. By supervising and examining financial institutions, the CFPB identifies and addresses risks to consumers. They also work to resolve consumer complaints, provide resources for financial decision-making, and establish rules and guidelines to enforce fair practices in the marketplace. In summary, the CFPB regulates numerous financial products and services to safeguard consumer rights and promote fair and transparent practices in the financial industry.