Post Content

The Consumer Financial Protection Bureau is a federal agency founded in 2011 and established in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB is tasked with educating and protecting consumers in their dealings with banks, credit unions, and other financial services. This past July, the Senate confirmed Richard Cordray as the Bureau’s director, allowing the agency to begin writing and implanting new rules for the financial industry.

While still in its institutional infancy, the CFPB offers consumers several avenues of assistance to avert their financial worries. The CFPB website has all of the agency’s resources available for consumers to access with the click of a mouse.

These resources include:

The Consumer Financial Protection Bureau has been a leader in government transparency. Those interested in investigating how this agency works can go to its dedicated open government page. Here you can find information on everything from the bureau’s organizational structure to detailed budgetary documents.

Financial industry regulations that the CFPB has enacted since its formation are detailed on the regulations page. These rules have helped to make banking more fair and accessible to all Americans.

Besides the trove of resources available on their website, the CFPB also has a hotline that can be reached at (855) 411-CFPB.

Bank smart and safely with this helpful federal agency.

Written By:

Tags: , ,

Recent Posts

Car Buyer Beware: ”Buy Here Pay Here” Used Car Financing and Sales are Riddled with Pitfalls posted on Mar 23

Car Buyer Beware: ”Buy Here Pay Here” Used Car Financing and Sales are Riddled with Pitfalls

  Many consumers need a loan to purchase a used vehicle. Consumers with poor or no credit will often seek financing from the dealer they are buying a car from. This financing is commonly referred to as “Buy Here Pay Here,” and it lets dealers   …Continue Reading Car Buyer Beware: ”Buy Here Pay Here” Used Car Financing and Sales are Riddled with Pitfalls

Apps – Access Denied posted on Mar 21

Apps – Access Denied

  Almost everyone is guilty of passively downloading a new app for their mobile device. And why not? Apps are great. But consumers should recognize that there are risks in the marketplace. A woman from California used her debit card to buy a slot machine   …Continue Reading Apps – Access Denied

Can You Hear Me? posted on Mar 20

Can You Hear Me?

Scammers are constantly inventing new ways to take advantage of consumers. The latest phone scam to keep your ears open for has made up the majority of the reports to Better Business Bureau’s scam tracker over the last several weeks across America and even Canada.   …Continue Reading Can You Hear Me?