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Yuki888 [10]
3 years ago
13

Which agency keeps consumers safe when they open a credit card account or take out a home plan?

History
1 answer:
Natali5045456 [20]3 years ago
8 0

The agency is called Consumer Financial Protection Bureau ( CFPB ).

It is a federal agency<em> that protects consumers' finances.</em> It other words, it is responsible for consumer protection in the financial sector.

<em>It regulates credit, debit and prepaid cards and monitors consumer loans.</em> It oversees credit reporting, debt collection and financial advisory services. It also deals with mortgages, student loans and real estate transactions.

The CFPR was created in 2010 as a legislative response to the financial crises 2007-2008. It was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act.



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