<Tr> <Th> Website </Th> <Td> www.consumerfinance.gov </Td> </Tr> <P> The Consumer Financial Protection Bureau (CFPB), also known as the Bureau of Consumer Financial Protection (BCFP), is an 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 . </P> <P> The CFPB's creation was authorized by the Dodd--Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007--08 and the subsequent Great Recession . The CFPB's status as an independent agency is currently questioned due to a circuit split in the U.S. Court of Appeals and a New York Federal District Court . </P> <P> On June 16, 2018, President Donald Trump selected Kathleen Kraninger, a White House budget official, as the nominee to be the next director of the CFPB . </P>

The cfpb was created as a result of