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3 Ways to Spot Lending Scams With the CFPB

·4 min read
3 Ways to Spot Lending Scams With the CFPB

The CFPB was established in 2011 as part of the clean-up efforts following the housing crash and subsequent recession. The CFPB's mission is to ensure banks and lenders are obeying the rules and treating consumers fairly. In the words of the CFPB itself, "We protect consumers from unfair, deceptive, or abusive practices and take action against companies that break the law."