As part of its mandate under the Dodd-Frank bill, the CFPB is tasked with increasing financial literacy among the nation’s citizens. Along with writing and enforcing legislation geared toward creating a fair and open financial marketplace, the CFPB wants consumers to better understand the financial tools and services available to them. That’s why they’ve put together a comprehensive and user-friendly database of the most (and least) common questions asked by consumers of financial products.
For instance, do you know what a remittance transfer is? Click here and you soon will.
Do you know when a credit card company can access your credit report? Click here, and find yourself enlightened.
Ever heard of a QWR? Click this and find out more than you could ever have imagined.