Which organization is known as CFPB?

The organization known as CFPB is the Consumer Financial Protection Bureau. This independent agency of the United States government was created in response to the financial crisis of 2007-2008, with the mission to protect consumers in the financial sector. The CFPB oversees and enforces regulations regarding financial products and services, ensuring that consumers are treated fairly in the marketplace.

The Consumer Financial Protection Bureau was established to help individuals understand their rights and responsibilities when engaging with financial institutions, and to prevent practices that could lead to unfair, deceptive, or abusive acts in the financial sector. The agency provides resources, conducts research, and collects consumer complaints related to financial products, helping to inform policy and enhance consumer protection.

The other options represent different organizations or concepts but do not accurately reflect the abbreviation CFPB as established in U.S. law. The Certified Financial Planning Board focuses on certification in financial planning, while the Committee for Personal Financial Benefit and the Comprehensive Financial Protection Bureau are not recognized entities in the same context as the CFPB. Understanding the role and mission of the Consumer Financial Protection Bureau is essential for anyone involved in the financial services industry or consumer advocacy.