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The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...
In 1984, [10] [non-primary source needed] the FTC began to regulate the funeral home industry in order to protect consumers from deceptive practices. The FTC Funeral Rule requires funeral homes to provide all customers (and potential customers) with a General Price List (GPL), specifically outlining goods and services in the funeral industry, as defined by the FTC, and a listing of their prices.
The Consumer Financial Protection Bureau (CFPB) is responsible for consumer protection in the financial sector. Its jurisdiction includes banks, credit unions, securities firms, payday lenders , mortgage-servicing operations , foreclosure relief services, debt collectors , other financial companies in the United States.
The Consumer Financial Protection Bureau has been a go-to financial agency for dealing with bad practices. Trump administration wants to end it. Consumers don't need more hidden fees, tricky loans ...
It was created to "increase accountability in government by consolidating consumer financial protection authorities that had existed across seven different federal agencies into one," according to ...
The moves to demobilize the agency are a "concerted effort to dismantle protections for American consumers," said Skye Perryman, president and CEO of the liberal-leaning Democracy Forward group.
Consumer interests can also serve consumers, consistent with economic efficiency, but this topic is treated in competition law. Consumer protection can also be asserted via non-government organizations and individuals as consumer activism. Efforts made for the protection of consumer's rights and interests are: The right to satisfaction of basic ...
Senate Republicans backed a Wednesday effort from Texas GOP Sen. Ted Cruz to defund the Consumer Financial Protection Bureau (CFPB). Cruz has unsuccessfully tried to disassemble the agency in the ...