Which of the following is true about the Consumer Financial Protection Bureau (CFPB)?

The correct statement is that the Consumer Financial Protection Bureau (CFPB) oversees all consumer financial products and services. This encompasses a wide range of areas, including mortgages, credit cards, bank accounts, student loans, payday loans, and other financial products. The CFPB was created to promote transparency and protect consumers in the financial marketplace, ensuring that they understand the products they are using and that they are treated fairly by financial institutions.

The bureau's mission involves monitoring institutions for compliance with federal consumer financial laws and enforcing those laws when necessary. By covering a broad array of financial services, the CFPB plays a critical role in consumer protection, advocating for informed decision-making and financial literacy.

In contrast, the other options are limited in scope and do not accurately represent the CFPB's comprehensive mandate. For instance, the assertion that it only regulates mortgage loans ignores the larger array of financial products it supervises. Similarly, claiming it is solely responsible for regulating credit card companies fails to recognize its broader oversight responsibilities. Lastly, stating that it does not provide consumer education overlooks one of the CFPB's key functions, which includes educating consumers about financial products and services to empower them in their financial decisions.