The Consumer Financial Protection Bureau (CFPB) is a U.S. government agency established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (also called the Dodd-Frank Act) in the wake of the 2007–08 financial crisis. The role of the CFPB is to review the practices of companies, banks, and lenders in the financial services industry and work to protect consumers from predatory practices. Key Points The CFPB was authorized by Congress in 2010 following the 2007–08 financial crisis via the Dodd-Frank Act, which was designed to reform some of the predatory and deceptive financial industry practices that policymakers ...(100 of 671 words) Access the full article Help support true facts by becoming a member. Subscribe today!