Question

Select the correct answer.

Which government agency protects consumers from being charged unfair interest rates on loans or unnecessary bank fees?
A. Office of the Comptroller of the Currency
B. Consumer Financial Protection Bureau
C. Office of Thrift Supervision
D. Federal Deposit Insurance Corporation

Answer 1

B. Consumer Financial Protection Bureau

Step-by-step explanation:

Answer 2

B. Consumer Financial Protection Bureau

Step-by-step explanation:

Under the government of the United States, the agency that is intended towards controlling and protecting the rights of the consumers in financial terms is Consumer Financial Protection Bureau. The agency is responsible to provide support and help the customers. The financial institutions are looked upon and examined by CFPB. They also keep a check on the customer needs and the complaints registered by them.