Asked by
Aideen Reyes
on Dec 01, 2024
Verified
The Consumer Financial Protection Bureau is an independent executive agency housed within the Federal Reserve and was established to regulate consumer financial products or services.
Consumer Financial Protection Bureau
A regulatory agency in the United States tasked with ensuring consumers are treated fairly by banks, lenders, and other financial companies.
Federal Reserve
The central banking system of the United States, responsible for implementing the country's monetary policy and regulating its banking institutions.
- Become acquainted with the authority and role of federal agencies in upholding consumer protection regulations.
- Recognize the impact of internet and financial regulations on consumer protection.
Verified Answer
JC
Learning Objectives
- Become acquainted with the authority and role of federal agencies in upholding consumer protection regulations.
- Recognize the impact of internet and financial regulations on consumer protection.
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