The Consumer Financial Protection Bureau replaced the federal consumer financial regulatory system which had been split among the Office of the Comptroller of the Currency, Office of Thrift Supervision, FDIC, Federal Reserve, National Credit Union Administration, HUD, and the FTC.

Question

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The Consumer Financial Protection Bureau (CFPB) was created to centralize and simplify consumer financial protection by consolidating many of the consumer protection responsibilities that were previously spread across these various agencies.

The Consumer Financial Protection Bureau Replaced the Federal Consumer Financial