The Consumer Financial Protection Bureau (CFPB)was created to represent consumers by filing suit in federal court asking for damages on behalf of the injured consumer.

Question

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The CFPB was created to promote consumer protection, but it is not authorized to file lawsuits on behalf of individuals. It can, however, take action against companies that violate consumer protection laws and seek penalties and restitution for affected consumers.

The Consumer Financial Protection Bureau (CFPB)was Created to Represent Consumers