Who does the CFPB answer to?

The Consumer Financial Protection Bureau (CFPB) is an independent agency of the federal government that was created to enforce consumer protection laws and regulate financial products and services. The CFPB answers to the President of the United States. This relationship is established in the design of the agency, which allows the President to appoint the director of the CFPB and oversee its activities, while also providing a level of independence from other branches of government.

This accountability to the President is intended to ensure that the agency operates with a level of oversight while maintaining its mission to protect consumers. As an independent agency, the CFPB is not part of any department, such as the Treasury, nor does it report directly to Congressional committees. Instead, its leadership can be influenced by the current administration's policies and priorities through its connection to the President.