What is the role of the CFPB in protecting consumers?

The role of the Consumer Financial Protection Bureau (CFPB) is to ensure the protection of consumers in the financial marketplace. It works towards this goal by enforcing consumer financial laws, providing educational resources, and conducting investigations on unfair practices. The CFPB oversees financial institutions, such as banks, credit card companies, and mortgage providers, to make sure they are complying with regulations and treating consumers fairly. It also aims to empower consumers by offering tools and information to make informed financial decisions. The CFPB is committed to promoting transparency and accountability in the consumer financial industry and taking action against any abusive or deceptive practices. Ultimately, the CFPB serves as an advocate for consumers, striving to create a fair and transparent financial marketplace for all.