Which federal agency oversees the implementation of the SAFE Act?

The Consumer Financial Protection Bureau (CFPB) is the federal agency responsible for implementing the Secure and Fair Enforcement for Mortgage Licensing Act, commonly known as the SAFE Act. The SAFE Act was designed to enhance consumer protection and reduce fraud by establishing minimum standards for licensing and registration of mortgage loan originators. The CFPB plays a crucial role in enforcing these standards, ensuring that mortgage professionals adhere to necessary regulations and providing oversight to maintain the integrity of the mortgage industry.

In addition to overseeing licensing requirements, the CFPB also provides resources for both consumers and industry professionals, helping to create a more transparent and accountable lending environment. This direct involvement in the administration of the SAFE Act highlights the CFPB's broader mission to ensure that consumers are treated fairly in the financial marketplace.

The other options listed do have roles in housing and financial regulation, but they do not specifically oversee the implementation of the SAFE Act as effectively as the CFPB does.