The _____ is an independent agency within the Federal Reserve System that "regulate[s] the offering and provision of consumer financial products or services under the Federal consumer financial laws."

Question

Quizplus · Accepted Answer

The Consumer Financial Protection Bureau is the agency within the Federal Reserve System that is responsible for regulating the offering and provision of consumer financial products or services under the Federal consumer financial laws. The Federal Reserve has a different role, focused on monetary policy and the stability of the financial system. The World Trade Organization and the Department of Justice are not part of the Federal Reserve System, and the Federal Trade Commission has a broader focus on promoting consumer protection and competition in the marketplace.

The _____ Is an Independent Agency Within the Federal Reserve