10 Questions
The CFPB was established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
True
The CFPB's primary mission is to protect consumers in the financial marketplace and ensure fair treatment by healthcare institutions.
False
The CFPB's jurisdiction covers only credit cards and mortgages, excluding other financial products and services.
False
The CFPB operates a complaint database where consumers can submit grievances about financial products and services.
True
Who appoints the Director of the Consumer Financial Protection Bureau?
The President of the United States
The CFPB conducts regular supervision and examination of which entities to ensure compliance with consumer protection laws?
Financial institutions
The CFPB consolidates and enforces consumer financial protection laws previously administered by _____
The CFPB advocates for transparency and fairness in financial markets, striving to prevent predatory practices and promote responsible _______________.
The CFPB's jurisdiction covers various financial products and services, including _______________, credit cards, student loans, payday loans, and other consumer loans.
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