Consumer Financial Protection Bureau

Who we are

Congress created the Consumer Financial Protection Bureau (CFPB) in the wake of the 2008 financial crisis as the first federal agency with the sole mission of protecting consumers in the financial marketplace. We at the CFPB are doing all we can to protect people by ensuring that consumer financial markets work better for them – are transparent, reliable, and fair. This work goes hand in hand with our work to educate consumers and help them build their financial capability.

Our Commitment

Empowering people to take more control over their economic lives is essential to our mission. We are committed to helping all consumers increase their own capability to make sound financial choices to attain greater financial well-being and better achieve their life goals. This takes more than teaching financial facts. Our strategy to accomplish this broad task includes reaching consumers nationwide through online tools and information to help them navigate financial choices. It includes collaborating with others who can reach consumers where they are with the information and support they need, when they need it. It includes carrying out foundational research to identify and spread effective approaches to financial education.

In implementing this strategy, we are committed to providing youth with opportunities to start early to develop the knowledge and skills to build a healthy financial future. We also undertake efforts tailored to the needs of specific populations, including servicemembers and veterans, students and young adults, older adults, and people who are economically vulnerable.

We also engage in foundational research to inform financial education. We have identified the childhood origins of financial capability and well-being, and their building blocks, to create a developmental model for youth financial education to support parents, youth caregivers, and educators in starting youth early on the path to financial capability.