What power does the Consumer Financial Protection Bureau have?

The Consumer Financial Protection Bureau (CFPB) is primarily established to oversee and enforce federal consumer financial protection laws, which encompasses a broad range of consumer financial products and services. This authority allows the CFPB to ensure that consumers are treated fairly and have access to accurate information regarding financial transactions, including mortgages, credit cards, and other financial services.

The Bureau’s role involves creating regulations, conducting examinations, and enforcing compliance among financial institutions, ensuring that consumers are protected from unfair, deceptive, or abusive practices. By focusing on consumer welfare and enforcing these laws, the CFPB significantly influences how financial products are marketed and offered to consumers.

In contrast, the other options refer to powers that are outside the scope of what the CFPB addresses. The regulation of property taxes is typically managed at the state or local government level, mortgage insurance is offered predominantly through private companies and government entities like FHA, and processing real estate transactions is handled by real estate professionals and various regulatory bodies, not the CFPB. Thus, the correct answer highlights the core mission of the CFPB to safeguard consumer financial interests through regulatory oversight.