Which agency plays a crucial role in overseeing compliance with mortgage regulations?

The Consumer Financial Protection Bureau (CFPB) is the agency mandated with overseeing compliance with mortgage regulations. Established in response to the financial crisis of 2008, the CFPB's primary mission is to protect consumers in the financial sector, ensuring that lenders and other financial institutions adhere to the law, particularly in areas like lending and mortgage practices.

The CFPB's role includes enforcing regulations that protect consumers from unfair, deceptive, or abusive practices in mortgage lending, conducting rulemaking, and monitoring compliance across the industry. This distinct focus on consumer protection, combined with its authority to regulate and supervise the practices of various financial entities, solidifies its position as the key agency for overseeing mortgage regulations.

While the other agencies mentioned have important roles within the financial system—such as insuring loans, regulating credit unions, or overseeing banking institutions—the CFPB specifically targets consumer protection in mortgage lending, making it the appropriate choice.