Question
Which of the following is an INCORRECT statement regarding the Consumer Financial Protection Bureau (CFPB)? OA. The CFPB is authorized to adopt rules to
Which of the following is an INCORRECT statement regarding the Consumer Financial Protection Bureau (CFPB)? OA. The CFPB is authorized to adopt rules to interpret and enforce the provisions of the acts it administers. OB. The CFPB has authority to prohibit unfair, deceptive, or abusive acts or practices regarding consumer financial products and services. OC. The CFPB has authority to supervise all participants in the mortgage area. OD. The CFPB has no authority to enforce federal consumer financial protection laws, as that authority is exclusively within the province of the Federal Trade Commission (FTC). O E. The CFPB has authority to supervise all participants in the consumer finance area.
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