Which of the following is a duty of the CFPB?

The Consumer Financial Protection Bureau (CFPB) has the essential duty of writing and implementing regulations that protect consumers in the financial sector. This includes establishing rules for financial products and services, ensuring they are fair, transparent, and non-deceptive. Additionally, the CFPB has the authority to issue fines or penalties against companies that violate these regulations, ensuring compliance and accountability in the financial services industry.

This function is critical for maintaining consumer trust and safeguarding against predatory lending practices, unfair fees, and deceptive acts in the mortgage and lending markets. The ability to craft regulations and enforce them through penalties is a core aspect of the CFPB's mission to protect consumers in the complex financial landscape.