Which agency is responsible for enforcing consumer protection related to financial products and services?

The Consumer Financial Protection Bureau (CFPB) is the agency responsible for enforcing consumer protection laws as they relate specifically to financial products and services. Established in response to the financial crisis of 2008, the CFPB's primary mission is to ensure that consumers are treated fairly by financial institutions. This includes overseeing various financial products such as mortgages, credit cards, and student loans, as well as ensuring that consumers have access to clear and understandable information about their financial obligations.

The CFPB works to prevent unfair, deceptive, or abusive practices, and it has the authority to take action against institutions that violate consumer protection laws. This focus on protecting consumers in the financial sector distinguishes the CFPB from other agencies, which may deal with broader consumer rights issues or entirely different areas, such as health or telecommunications.