Director of the Consumer Financial Protection Bureau

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The Director of the Consumer Financial Protection Bureau is the head of the U.S. federal agency responsible for regulating consumer financial products and services and enforcing consumer protection laws in the financial sector.

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Statements (47)

Predicate Object
instanceOf federal executive position
government office
leadership role
appliesToJurisdiction United States of America
appointedBy President of the United States
appointedFor fixed term subject to removal under applicable law
canInitiate administrative enforcement actions
canIssue rules and regulations implementing federal consumer financial laws
canRefer matters to the U.S. Department of Justice for civil or criminal enforcement
confirmedBy United States Senate
country United States of America
createdBy Dodd–Frank Wall Street Reform and Consumer Protection Act
employer Consumer Financial Protection Bureau
formationYear 2011
goal ensure that consumers have access to fair, transparent, and competitive markets for financial products and services
protect consumers in the financial marketplace
hasAuthorityOver banks with more than US$10 billion in assets for consumer protection supervision
certain nonbank financial companies for consumer protection supervision
hasResponsibility coordinating with other federal and state financial regulators on consumer protection issues
hasTitle CFPB Director
headOf Consumer Financial Protection Bureau
jurisdiction United States government
surface form: federal government of the United States
legalBasis Dodd–Frank Wall Street Reform and Consumer Protection Act
memberOf Financial Stability Oversight Council
officeLocation Washington, D.C.
oversees CFPB consumer education and engagement functions
CFPB research, markets, and regulations functions
CFPB supervision, enforcement, and fair lending functions
partOf Consumer Financial Protection Bureau
reportsTo President of the United States
responsibleFor consumer financial education initiatives
enforcement of federal consumer financial laws
handling consumer complaints about financial products and services
regulation of consumer financial products and services
rulemaking under federal consumer financial protection statutes
supervision of certain financial institutions for compliance with consumer protection laws
sector consumer protection
financial regulation
style Director
termLength 5 years
worksOn auto finance market oversight
credit card market regulation
credit reporting market oversight
debt collection practices oversight
mortgage lending regulation
payday lending and small-dollar loan regulation
student loan market regulation

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Board of Directors of the FDIC hasExOfficioMember Director of the Consumer Financial Protection Bureau