Regulatory Authority

Question 1

CFPB

Answer 1

-Consumer Financial Protection Bureau
-created under Dodd-Frank in 2010 in direct response to the 2008 financial crisis
-protects consumers from unfair, deceptive or abusive practices
-listen to consumer complaints and investigates

Question 2

Consumer protection laws enforced by CFPB

Answer 2

1. TILA
2. HOEPA
3. Dodd-Frank

Question 3

HUD

Answer 3

-U.S. Department of Housing and Urban Development
-responsible for helping people find affordable housing and promoting fairness in housing