what is the role of the consumer financial protection bureau
The CFPB writes and enforces rules for financial institutions, examines both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints. Furthermore, as required under Dodd -- Frank and outlined in the 2013 CFPB -- State Supervisory Coordination Framework, the CFPB works closely with state regulators in coordinating supervision and enforcement activities.