The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.
The consumer bureau is working to give consumers the information they need to understand the terms of their agreements with financial companies. We are working to make regulations and guidance as clear and streamlined as possible so providers of consumer financial products and services can follow the rules on their own.
Congress established the CFPB to protect consumers by carrying out Federal consumer financial laws. Among other things, we:
-Conduct rule-making, supervision, and enforcement for Federal consumer financial protection laws
-Restrict unfair, deceptive, or abusive acts or practices
-Take consumer complaints
-Promote financial education
-Research consumer behavior
-Monitor financial markets for new risks to consumers
-Enforce laws that outlaw discrimination and other unfair treatment in consumer finance
Original link: http://www.consumerfinance.gov/the-bureau/