Organizations
CFPB (Consumer Financial Protection Bureau): Definition
The federal agency regulating consumer financial products.
Definition
The Consumer Financial Protection Bureau (CFPB) is the federal agency responsible for consumer protection in the financial sector. It has supervisory authority over credit bureaus and large data furnishers, enforces FCRA compliance, and issues regulations like Regulation V.
Usage Notes
- Primary enforcer of FCRA for large companies
- Issues guidance on credit reporting issues
- Accepts consumer complaints about credit reporting
External Resources
Related Terms
More Organizations
CDIA (Consumer Data Industry Association)
The trade association representing consumer reporting agencies.
CRA (Consumer Reporting Agency)
An organization that collects and sells consumer credit information.
Equifax
One of the three major national credit bureaus.
Experian
One of the three major national credit bureaus.
TransUnion
One of the three major national credit bureaus.
Inspect a real Metro 2 file
See how this concept appears in an actual file with the free in-browser Metro 2 File Viewer — no signup, nothing uploaded.
Simplify Credit Reporting
Metro2 software handles all the complexity of Metro 2 format compliance, so you can focus on your business.