Consumer Financial Protection Bureau

Consumer Financial Protection Bureau (CFPB): What It Does & Why It Matters

Consumer Financial Protection Bureau (CFPB): What It Does & Why It Matters

The consumer financial protection bureau (CFPB) is a federal agency that protects people from unfair, deceptive, or abusive financial practices. Since its creation after the 2008 financial crisis, the CFPB has become a key watchdog in consumer finance. In this guide, you’ll learn what the CFPB does, why it matters, how to file a complaint, […]

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Screenshot of the Consumer Financial Protection Bureau's "Submit a Complaint" webpage, featuring categories for bank account or service, credit card, credit reporting, money transfer, mortgage, student loan, and vehicle or consumer loan complaints.

What is the Consumer Financial Protection Bureau (CFPB)?

The Consumer Financial Protection Bureau (CFPB) was developed by the U.S. Government to protect consumers against fraud and tricks from credit card companies, banks and other financial institutions. The CFPB acts as a regulator of all consumer financial service providers, which includes online banks, credit card issuers, payday loan providers and other lenders. Today, all

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