Consumer Financial Protection Bureau

(CFPB)

PRESENTED BY: NISHA

  An agency of the United States government formed in July 2011
Consumer responsible for consumer protection in the financial sector.

Financial  They makes sure banks, lenders, and other financial companies treat
you fairly.
Protection
Bureau  It empowers consumers with the information they need to make
financial decisions in the best interests of them and their families.

 The purpose of the CFPB is to promote fairness and transparency for

mortgages, credit cards, and other consumer financial products and
services.
Consumer  According to former Director Richard Cordray, the Bureau's priorities
are mortgages, credit cards and student loans.

Financial  The CFPB writes and enforces rules for financial institutions.
Protection
Bureau Once a financial institution acquires $10 billion in assets, it falls under

the guidance, rules, and regulations under the CFPB.