cfpb news

Sun, 03 May 2026 03:42:25 +0000

The CFPB was created to provide a single point of accountability for enforcing federal consumer financial laws and protecting consumers in the financial marketplace. The CFPB's Federal Reserve-based funding has come under scrutiny by the bureau's critics. [16][17] The CFPB writes and enforces rules for financial institutions, examines both bank and non-bank. The Consumer Financial Protection Bureau (CFPB) helps consumers by providing educational materials and accepting complaints. It supervises banks, lenders, and large non-bank entities, such. The CFPB was established by a 2010 law and formally launched in July 2011. The CFPB was given the power to fine companies that it determines have engaged in deceptive, abusive, or unfair practices..