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s2008m [1.1K]
3 years ago
14

What agency keeps consumers safe when they open checking or savings accounts or take out a home loan? SEC FDA OSHA CFPB

Social Studies
1 answer:
sveticcg [70]3 years ago
5 0
The agency that <span>keeps consumers safe when they open checking or savings accounts or take out a home loan is: CFPB

CFPB (which stands for </span><span>Consumer Financial Protection Bureau) is a federal agency founded in 2011 , that protect consumers from any form of injustice the in Financial sector.</span>
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why do you think many american look on the bill of right as the most important part of the constitution?
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The Bill of Rights were added to the Constitution to address fears raised by the Anti-Federalists during the ratification of the Constitution that the Constitution did not provide sufficient protection against abuses of power by the federal government. 

James Madison, the Father of the Constitution, originally did not think a Bill of Rights was necessary. He thought the Constitution gave no power to the federal government that would allow for a violation of the rights of the people.

Madison later changed his position, persuaded mainly by Thomas Jefferson, and, with the help of others, drafted twenty amendments that were proposed to the first United States Congress in 1789.

Twelve of the proposed amendments were accepted by Congress and were then sent to the states for ratification. Only ten were ratified.

These ten amendments list our basic rights and place limits on the federal government. They include the freedoms of speech and religion, the right to bear arms, the right to be free from unreasonable searches and seizures, and an assurance that the powers not delegated to the federal government in the Constitution are reserved to the states and the people. Many of these provisions were based upon similar protections provided by state constitutions that limited the power of state and local government authorities.

Of the remaining amendments that were not ratified in 1791, one was later adopted in 1992 as the twenty-seventh amendment to the Constitution. That amendment prevents changes in the compensation for senators and representatives until after a subsequent election of representatives. The other proposed amendment has never been adopted.

The Bill of Rights illustrates that our Founders understood that for personal freedoms to be broad, the power of the federal government must be limited.

Our nation, however, has moved away from its founding principles, especially during recent decades. Our ever-growing federal government is intervening into more and more aspects of our lives, especially through bureaucratic regulations, and is reducing our personal freedoms in the process.

Government at all levels is doing more and more things that were once left to private individuals and groups, and the federal government is doing more and more things that were once the province of state and local governments, where greater accountability to the public is often possible.

One need only look at the HHS mandate—forcing employers to violate their religious beliefs, under pain of penalty, by paying for and providing abortion pill insurance coverage—to see the harm caused by an overreaching government.

The preservation of our liberties is a daily battle, something our Founders understood. The process of scaling back the size and role of government and returning limits to it is a long one. But, since the federal government is supposed to be our servant and not our master, no one should doubt the importance of this endeavor.

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