Which of the following descriptions best fits the Consumer Financial Protection Bureau?(1 point) Responses It is a nonprofit nationwide bank. It is a nonprofit nationwide bank. It is a government agency designed to help financial companies find potential consumers. It is a government agency designed to help financial companies find potential consumers. It is a government agency that makes sure financial companies treat consumers fairly. It is a government agency that makes sure financial companies treat consumers fairly. It is a for-profit company designed to help consumers find trustworthy companies.
It is a government agency that makes sure financial companies treat consumers fairly.
The correct description that best fits the Consumer Financial Protection Bureau is: "It is a government agency that makes sure financial companies treat consumers fairly."
The correct description that best fits the Consumer Financial Protection Bureau is: "It is a government agency that makes sure financial companies treat consumers fairly."
To determine the answer, we can analyze the given options and eliminate the ones that do not fit the description of the Consumer Financial Protection Bureau.
1. "It is a nonprofit nationwide bank." - This option does not accurately describe the Consumer Financial Protection Bureau as it is not a bank, but a government agency.
2. "It is a government agency designed to help financial companies find potential consumers." - This option does not correctly define the role of the Consumer Financial Protection Bureau. Its purpose is to protect consumers, not help financial companies find potential consumers.
3. "It is a government agency that makes sure financial companies treat consumers fairly." - This option accurately describes the role and objective of the Consumer Financial Protection Bureau. It ensures that financial companies treat consumers fairly, protecting their rights.
4. "It is a for-profit company designed to help consumers find trustworthy companies." - This option does not reflect the nature of the Consumer Financial Protection Bureau, which is a government agency, not a for-profit company. Its focus is on protecting consumers, not solely helping them find trustworthy companies.
Therefore, the correct description is that the Consumer Financial Protection Bureau is a government agency that makes sure financial companies treat consumers fairly.