What is the mission of the Consumer Financial Protection Bureau (CFPB)?

The mission of the Consumer Financial Protection Bureau (CFPB) focuses on ensuring the safety and functionality of consumer finance markets. This includes protecting consumers from unfair, deceptive, or abusive practices and takes steps to ensure that they have access to fair and transparent financial products and services. The CFPB aims to create a more transparent financial marketplace, enabling consumers to make informed financial decisions.

Emphasizing the importance of functionality in consumer finance markets, the CFPB works to enforce regulations that uphold financial stability and promote consumer empowerment. This mission reflects the bureau's commitment to maintaining a balanced and equitable financial landscape for consumers, helping them achieve financial well-being.

In contrast, the other options do not align with the primary mission of the CFPB. Creating financial products is typically the role of financial institutions rather than a regulatory body. Regulating international finance falls outside the CFPB's jurisdiction as it primarily focuses on domestic consumer financial protection. Lastly, decreasing consumer access to credit contradicts the bureau's mission, which is to enhance access to credit in a safe and fair manner.