The Consumer Finance Protection Bureau (CFPB) was created as an advocate for consumers that require a loan for purchases such as a buying a home, a car or paying for a college education. The Bureau’s intent is to help place regulate and simplify the process of financing in an effort to mitigate the confusion often associated with taking out a large loan. Learn more about the CFPB and it’s mission.
“…consumers get the information they need to make the financial decisions they believe are best for themselves and their families—that prices are clear up front, that risks are visible, and that nothing is buried in fine print. In a market that works, consumers should be able to make direct comparisons among products and no provider should be able to use unfair, deceptive, or abusive practices.”
– CFPB Website
Learn About the New CFPB Regulations (effective Oct. 3, 2015)