Consumer Financial Protection Bureau - CFPB

AAA

DEFINITION of 'Consumer Financial Protection Bureau - CFPB'

A regulatory agency charged with overseeing financial products and services that are offered to consumers. The Consumer Financial Protection Bureau is divided into several units, including: research, community affairs, consumer complaints, the Office of Fair Lending and the Office of Financial Opportunity. These units work together to protect and educate consumers about the various types of financial products and services that are available.

INVESTOPEDIA EXPLAINS 'Consumer Financial Protection Bureau - CFPB'

The Consumer Financial Protection Bureau was created by the Dodd-Wall Street Reform and Protection Consumer Act of 2010. The CFPB is headed by a chief who is appointed by the President for a five-year term. The bureau is also assisted by a Consumer Advisory Council, composed of at least six members who are recommended by regional Federal Reserve presidents.

RELATED TERMS
  1. Consumer Advisory Council - CAC

    A legislative body established by Congress in 1976. The Consumer ...
  2. Consumer Financial Protection Act

    An amendment to the National Bank Act designed to identify and ...
  3. Primary Regulator

    The state or federal regulatory agency that is the primary supervising ...
  4. Federal Reserve Regulations

    Rules put in place by the Federal Reserve Board to regulate the ...
  5. Self-Regulatory Organization - ...

    A non-governmental organization that has the power to create ...
  6. National Association of Insurance ...

    A nationwide organization whose main responsibility is to protect ...
Related Articles
  1. Consumer Protection Laws You Need To ...
    Personal Finance

    Consumer Protection Laws You Need To ...

  2. Investigating The Securities Police
    Professionals

    Investigating The Securities Police

  3. The Wall Street Reform Act: What You ...
    Credit & Loans

    The Wall Street Reform Act: What You ...

  4. Tips For Resolving Disputes With Your ...
    Options & Futures

    Tips For Resolving Disputes With Your ...

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center