CFPB
Consumer Financial Protection Bureau
Their Mission
To make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.
Educate
An informed consumer is the first line of defense against abusive practices.
Enforce
They supervise banks, credit unions, and other financial companies, and they enforce federal consumer financial laws.
Study
They gather and analyze available information to better understand consumers, financial services providers, and consumer financial markets.
Current News Event
On March 17, the Consumer Financial Protection Bureau (CFPB) announced it is seeking public comment on how the credit card market is functioning and the impact of credit card protections on consumers and issuers. This public inquiry will focus on issues including credit card terms, the use of consumer disclosures, credit card debt collection practices, and rewards programs, among others.