One of the powers of the Consumer Financial Protection Bureau (CFPB) includes:

The Consumer Financial Protection Bureau (CFPB) plays a crucial role in regulating the mortgage industry and ensuring consumer protection. One of its key functions involves the oversight and establishment of standards related to loan originators, which includes setting state license requirements for these professionals. By providing guidelines for licensing, the CFPB helps ensure that loan originators meet certain qualifications, promoting ethical lending practices and protecting consumers from potential abuses in the mortgage process. This function is vital in maintaining consumer trust and ensuring the integrity of the financial system.

The other choices relate to functions that the CFPB does not directly perform. For instance, the CFPB does not set interest rates; the determination of interest rates is primarily influenced by market forces and individual lender practices. Similarly, the CFPB does not provide state licensing requirements for loan originators directly; instead, it establishes certain federal standards, while individual states manage their own licensing processes. Collecting consumer debts is typically handled by debt collectors and is not a primary function of the CFPB. Lastly, while the CFPB aims to protect consumers financially, granting financial assistance to consumers is not within its scope of responsibilities; its focus is on regulation and oversight rather than direct financial aid.