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The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States federal government that was established in 2010 in response to the financial crisis of 2007-2008. The CFPB's mission is to protect consumers from financial fraud and abuse, and to ensure that they have access to clear and accurate information about financial products and services.
The CFPB has a wide range of responsibilities, including overseeing financial institutions and enforcing consumer protection laws. It has the authority to regulate banks, credit card companies, mortgage lenders, and other financial institutions, and to take action against them if they engage in practices that are unfair, deceptive, or abusive.
The CFPB also provides consumers with information and resources to help them make informed financial decisions. This includes publishing guides and resources on its website, as well as providing tools and tools to help consumers compare and choose financial products and services.
Overall, the CFPB is an important agency that plays a crucial role in protecting consumers from financial fraud and abuse, and in promoting access to fair and transparent financial services.
