Answer:

Explanation:

1. Consumer Financial Protection Bureau (CFPB)

This regulatory agency's purpose is to protect consumers from deceptive financial products. The Consumer Financial Protection Bureau (CFPB) ensures consumers have the information needed to select the best financial services, such as credit cards, student loans, and mortgages. The CFPB works with companies to eliminate fine print add-ons that can confuse and hurt consumer finances. In addition, the CFPB will help consumers who are having difficulty paying their mortgage by putting them in touch with a counselor to help provide financial planning and assistance.

2. Consumer Product Safety Commission (CPSC)

The Consumer Product Safety Commission is responsible for consumer product safety. In 1972, Congress passed the Consumer Product Safety Act, which gave the CPSC powers to protect individuals from unsafe consumer products. They accomplish this task through evaluating the safety of consumer products, developing standards, and conducting research as it pertains to safety. For example, the CPSC recently issued a recall on folding lounge chairs because consumers have reported falls when using them.

3. Federal Trade Commission (FTC)

The Federal Trade Commission (FTC) was initially created in 1914 as an agency that wielded a weapon against antitrust. Eventually, the commission's powers were enlarged to also protect consumers against false advertising and fraud. There are many specific areas that the FTC has targeted in respect to the protection of the public. For example, the most recent areas of concern have been towards businesses advertising to children. The FTC was able to fine a large technology company $19 million for unfairly billing parents for their children's authorized app purchases.

4.Food and Drug Administration (FDA)

The Food and Drug Administration is responsible for the safeguarding of public health by monitoring drugs, medical devices, and cosmetics. The administration also helps improve consumers' health through advancing drug innovation. Lastly, they also protect our food supply. For example, the FDA recently published a list of online pharmacy websites that were selling fake drugs to consumers.

5. National Highway Traffic Safety Administration (NHTSA)