It can seem like large companies control all almost aspects of our lives, from what television shows we see to what products we buy, it can be overwhelming to navigate the world as a consumer. Unfortunately, many feel powerless when wronged by large corporations, which makes it difficult to fight for justice. However, it’s important to understand that you are not alone. The Consumer Financial Protection Bureau regulates the financial sector to help protect consumers just like you. In addition, you can connect with a San Diego consumer lawyer who can help you fight for justice if you’ve been wronged.
What Is the Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau was established in 2011 following the 2008 financial recession. This is an independent agency that aims to serve consumers by providing information and creating regulations. One of the main goals of the CFPB is to ensure consumers have the information they need to make informed choices regarding their financial decisions.
The CFPB has many responsibilities, including ensuring fairness and transparency regarding mortgages, loans, and financing options. In addition, they also have established laws and regulations on unfair financial practices and have established guidelines that require
For example, the CFPB is responsible for enforcing the a number of crucial consumer protection laws, including, but not limited to:
- The Truth in Lending Ac
- The Fair Debt Collection Practices Act
- The Fair Credit Reporting Act
- The Equal Credit Opportunity Act
- The Fair Credit Billing Act
Additional responsibilities of the Consumer Financial Protection Bureau include informing consumers of potential risks, investigating complaints from consumers, and restricting abusive practices.
What Can I Do if I’m a Victim of Unfair Consumer Practices?
If you are a victim of unfair actions from a financial company, it’s important to understand your rights. Generally, the most important thing you should do if you believe you are a victim is connect with an experienced consumer attorney who can examine the circumstances of your case to determine the best course of action for your needs.
Whether you are subjected to deceitful business practices, unfair competition practices, or inaccurate credit reporting, working with a lawyer is critical to ensure you take the necessary steps to file a complaint with the company and fight for the justice you deserve. Consumer lawyers are familiar with the laws in place intended to protect you, so you can rest assured that your case is in good hands.
If you’ve lost money because of deceitful practices or your credit score has been impacted by unfair reporting, the team at Barthel Legal is ready to assist you. We understand how difficult these matters can be, which is why our firm will do everything possible to assist you during these challenging issues. If you’ve been wronged, we can help. Reach out to our firm today to discuss your circumstances with a member of our team.
