Which agency enforces the provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act?

Prepare for the Fincert Certified Personal Financial Counselor (CPFC) Exam with flashcards and multiple-choice questions. Each question is complemented by hints and explanations. Get exam-ready today!

The Department of Justice is the agency that enforces the provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). This law was enacted to address issues related to bankruptcy filings and to prevent abuse of the bankruptcy system. The Department of Justice oversees the U.S. Trustee Program, which plays a crucial role in the administration of bankruptcy cases and ensures compliance with the law.

The U.S. Trustee Program is responsible for monitoring the bankruptcy system, taking actions against fraudulent filings, and ensuring that the provisions of BAPCPA are being upheld. The program also provides oversight to trustees and helps maintain the integrity of the bankruptcy process. Other options, such as the Federal Trade Commission, the Consumer Financial Protection Bureau, and the Department of Labor, focus on different aspects of consumer protection and labor issues, respectively, but do not have the direct enforcement role related to bankruptcy laws that the Department of Justice holds.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy