What is the primary goal of the Consumer Financial Protection Bureau (CFPB)?

The primary goal of the Consumer Financial Protection Bureau (CFPB) is to protect consumers from unfair, deceptive, or abusive practices in the financial sector. Established in response to the 2008 financial crisis, the CFPB focuses on ensuring that consumers have access to clear information about financial products and services and that they are treated fairly by financial institutions. This involves enforcing laws that require transparency and accountability, as well as addressing consumer complaints and conducting research on consumer behavior in financial markets.

While other options may relate to financial services, they don't align as directly with the overarching mission of the CFPB, which is centered fundamentally on consumer protection in financial transactions and interactions. The CFPB's work includes overseeing financial institutions' practices and providing consumer education indirectly, but its foundational purpose is specifically aimed at safeguarding consumers against exploitation and promoting fair treatment in the financial marketplace.