Consumer Financial Protection Bureau
/ˌkɑːnənɪkəl tɜːrm kənˈsuːmər fəˈnænʃəl prəˈtɛkʃən ˈbjʊəroʊ/
Definitions
- (n.) A U.S. federal agency tasked with protecting consumers in the financial sector by regulating banks, credit unions, and other financial institutions.
The Consumer Financial Protection Bureau enforces regulations to prevent predatory lending practices.
Forms
- consumer financial protection bureau
Related terms
See also
Commentary
Often abbreviated as CFPB, this agency's authority stems primarily from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.