Question

The Consumer Financial Protection Bureau was created with the oversight authority necessary to ensure that Select one: A. the prices and risks for credit products and other consumer financial services are easy to understand. B. the prices and risks for mortgages, credit cards, and other kinds of financial products and services are clear. C. consumer financial markets work. D. all of the above.

Answer 1

Answer: option D. all of the above.

Explanation:

The purpose of the CFPB is to promote fairness and transparency for mortgages, credit cards, and other consumer financial products and services. It will also set and enforce clear, consistent rules that allow banks and other consumer financial services providers to compete and that let consumers see clearly the costs and features of products and services.

CFPB functions to assist people in borrowing money or using other financial services which include: implementing and enforcing Federal consumer financial laws,reviewing business practices to ensure that financial services providers are following the law

It also aim to make consumer financial markets work for consumers and the economy as a whole.

It also protect consumers from unfair, deceptive, or abusive practices and take action against companies that break the law.

Answer 2

Answer:D

Explanation:

All of the above