41
QuizMultiple Choice

N/A — Exam

Question 41 • CMS 2026-2027 Economics and Personal Finance HONORS INITIAL CREDIT

Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair?

Answer
A
SEC- U.S. Securities and Exchange Commission
B
FCC- Federal Communications Commission
C
CFPB- Consumer Financial Protection Bureau
D
FDA- Food and Drug Administration

Explanation

A home loan is a consumer financial product, and the Consumer Financial Protection Bureau (CFPB) oversees financial institutions and works to protect borrowers from unfair or deceptive practices. The FCC regulates communications, the SEC regulates securities, and the FDA regulates food and medicines, so the CFPB is the agency that fits.

AI-written and checked against the verified answer.

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