Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, and other financial companies operating in the United States. Since its founding, the CFPB has used technology tools to monitor how financial entities used social media and algorithms to target consumers.
President Barack Obama announces the nomination of Richard Cordray as the first director of the CFPB on July 18, 2011.
Image: Elizabeth Warren Official 113th Congressional Portrait
Image: Raj Date CFPB
Image: Richard Cordray official portrait (cropped)
Independent agencies of the United States government
In the United States government, independent agencies are agencies that exist outside the federal executive departments and the Executive Office of the President. In a narrower sense, the term refers only to those independent agencies that, while considered part of the executive branch, have regulatory or rulemaking authority and are insulated from presidential control, usually because the president's power to dismiss the agency head or a member is limited.
The headquarters of the Federal Reserve System
A USPS truck in the snow