What is the Consumer Financial Protection Bureau?

Consumer Financial Protection Bureau: The Basics

The Consumer Financial Protection Bureau, or Bureau of Consumer Financial Protection, is an agency of the US federal government tasked with providing consumers with information to aid in their protection while dealing in the financial sector. The agency was established in 2010 with the Dodd-Frank Wall Street Reform and Consumer Protection Act. According to the White House, the CFPB “is charged with overseeing the federal financial laws that specifically protect consumers – people who keep their money in banks and credit unions, pay for goods and services with their credit cards, and rely on loans to buy homes.”

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