A Better Way to Manage Your Everyday Money - Book - Page 263
Chapter 16: Borrowing
Consumer Financial Protection Bureau
For consumers in the United States, there is the Consumer Financial Protection Bureau. Founded
in July 2011, the CFPB was created to
provide a single point of accountability
for enforcing federal consumer financial
laws and protecting consumers in the
financial marketplace. This government
agency is tasked with making sure that
banks, lenders, and other financial
companies treat you fairly.
I encourage you to bookmark the CFPB
website (consumerfinance.gov) as a
financial resource. Look to the CFPB
website as your go-to place for topics
that could include:
● understanding types of loans;
● how to prepare to apply for a
type of loan;
● the definition of key terms associated with a type of loan;
● learning about financial issues such as debt collection and bank accounts;
● getting help recovering from a financial transaction gone bad;
● sharing your money story.
An advantage of having the CFPB website as your financial marketplace reference is that the
website is kept up to date with current financial and government activities. You would do well to
visit the site often when engaging in money discussions and transactions.
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