Final answer:
The Real Estate Settlement Procedures Act (RESPA) is enforced and regulated by the Consumer Financial Protection Bureau (CFPB), a federal agency created to protect consumers from abusive practices in the financial industry.
Step-by-step explanation:
The Real Estate Settlement Procedures Act (RESPA) is enforced and regulated by the Consumer Financial Protection Bureau (CFPB). The CFPB is a federal agency created in 2011 specifically to oversee certain financial industries and protect consumers from abusive practices. The CFPB ensures that businesses in the real estate and mortgage industry comply with RESPA regulations, which include requirements for disclosure and prohibition of certain practices.