Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government. It was created in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act to promote responsible lending practices and protect consumers from unfair and deceptive financial services. The CFPB is responsible for overseeing companies that offer financial services and products, both to individuals and to businesses. The agency collects and analyzes data pertaining to the financial industry, investigates potential violations of the Consumer Financial Protection Act (CFPA), publishes rules and regulations, enforces compliance with the rules, and provides assistance to consumers when they face problems with financial service providers. The CFPB also works to educate the public about their rights and responsibilities when dealing with financial companies.