Which federal agency regulates mortgage lending?

Understand the Problem

The question is asking about the specific federal agency responsible for overseeing and regulating the mortgage lending industry in the United States.

Answer

The Consumer Financial Protection Bureau (CFPB).

The Consumer Financial Protection Bureau (CFPB) regulates mortgage lending in the U.S.

Answer for screen readers

The Consumer Financial Protection Bureau (CFPB) regulates mortgage lending in the U.S.

More Information

The CFPB was established in 2008 in response to the financial crisis to protect consumers and enforce federal consumer financial laws, including those pertaining to mortgages.

Tips

Confusing other financial regulators like the Federal Reserve or FDIC with the CFPB, which specifically focuses on consumer protection.

Sources

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