The primary goal of the Consumer Financial Protection Bureau is:
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The primary goal of the consumer financial protection bureau is: ato monitor your credit report and ensure your identity and other sensitive data has not been compromised. bto protect against abusive or deceptive debt collection purposes. cto protect consumers by regulating financial products and services
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The primary goal of the Consumer Financial Protection Bureau (CFPB) is to promote transparency and fairness for credit cards, mortgages and other consumer services and financial products.
Explanation:
- CFPB is set up to analyze the credit card report of the customer and to ensure the protection of sensitive data so that it shall not be compromised.
- It also protects against abusive debt collection and ensures the protection of customers as it helps in regulating the services and products which are financial in nature.
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