The Consumer Financial Protection Bureau (CFPB) is a government agency in the United States that helps protect consumers in the financial sector. It was created in response to the 2008 financial crisis to ensure that people are treated fairly when dealing with banks, credit cards, and other financial products. The CFPB provides information and resources to help consumers make informed decisions about their finances.
The CFPB also enforces laws that prevent unfair practices and holds financial institutions accountable. By offering tools like complaint resolution and financial education, the bureau aims to empower consumers and promote transparency in the marketplace, making it easier for individuals to understand their rights and options.