What does the Consumer Financial Protection Bureau (CFPB) oversee concerning mortgage lending?

The correct answer is based on the role of the Consumer Financial Protection Bureau (CFPB) in ensuring consumer protection in the mortgage lending industry. The CFPB oversees regulations specifically designed to protect consumers from unfair, deceptive, or abusive practices related to mortgages. This includes enforcing laws that mandate transparency and fairness in lending practices, ensuring that consumers have access to clear information regarding their loan terms, and preventing predatory lending practices that can exploit vulnerable borrowers.

The other options do not accurately reflect the CFPB's role. For example, the CFPB does not manage loan processing times; instead, its focus is on regulatory oversight, promoting fair practices, and consumer advocacy. It also does not determine interest rates for all mortgages. Interest rates are typically set by lenders based on market conditions and individual borrower profiles. Finally, the CFPB does not provide direct consumer loans; its primary function is to regulate lending practices and protect consumers rather than engage in lending activities directly. Thus, option A accurately captures the essence of the CFPB's oversight responsibilities in mortgage lending.