Question

Which agency keeps consumers safe when they open a credit card account or take out a home loan? SEC FDA OSHA CFPB

Answer 1

Answer : the correct answer is CFPB

Explanation :

CFPB means  " Consumer Financial Protection Bureau " , its role is to protect consumer in financial sector.Its juridiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States .

It was designed to consolidate its employees and have responsibilities from a number of other federal regulatory bodies, including the federal reserve, the federal trade comissions, the federal deposit insurance corporation, the national credit union administration and even the department of housing and urban developement.The cfpb writes and enforces rules for financial institutions, examines both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints (consumer's problems) .

The  financial services are received and compiled by CFPB and are publicly available on a federal government database.                                                                                                                

Answer 2

The agency in charge of consumers safety regarding credit cards or any issue related to  the financial sector is the CFPB or the Consumer Financial Protection Bureau, which is an organization in the United Stated  created in 2011 to guarantee the financial protection of the consumer by regulating financial services and the companies that offer them.

On the other hand, the SEC or Securities and Exchange Commission is in charge of  regulating security laws and industries; the FDA or Food and Drug Administration is in charge of protecting public health  and the OSHA or Ocupational Safety and Health Administration is in charge of guaranteeing health and safe working conditions.