Under the CFPB, which of the following is NOT identified as a type of consumer protection law?

Under the CFPB, which of the following is NOT identified as a type of consumer protection law?

• A. Credit Authorization and Security
• B. Financial Disclosure
• C. Privacy Protection and Consumer Identification
• D. Prohibition of Predatory Lending

Answer: (A)

The main idea here is recognizing which areas the CFPB explicitly groups as consumer protection law. The CFPB focuses on disclosures to consumers, protections for privacy and personal information, and rules against abusive, deceptive, or unfair lending practices. Financial Disclosure and Privacy Protection and Consumer Identification fit squarely into those CFPB-designated areas, and Prohibition of Predatory Lending aligns with the bureau’s mandate to curb unfair lending practices. Credit Authorization and Security isn’t listed as a separate CFPB category of consumer protection law, even though lenders use credit checks and security measures in practice. So, the option describing credit authorization and security is not identified by the CFPB as a type of consumer protection law.

The main idea here is recognizing which areas the CFPB explicitly groups as consumer protection law. The CFPB focuses on disclosures to consumers, protections for privacy and personal information, and rules against abusive, deceptive, or unfair lending practices. Financial Disclosure and Privacy Protection and Consumer Identification fit squarely into those CFPB-designated areas, and Prohibition of Predatory Lending aligns with the bureau’s mandate to curb unfair lending practices. Credit Authorization and Security isn’t listed as a separate CFPB category of consumer protection law, even though lenders use credit checks and security measures in practice. So, the option describing credit authorization and security is not identified by the CFPB as a type of consumer protection law.