Which of the following is a responsibility of the Consumer Financial Protection Bureau?

One of the key responsibilities of the Consumer Financial Protection Bureau (CFPB) is to establish and enforce fair lending practices that help ensure consumers have access to credit that is not discriminatory. This includes setting standards related to creditworthiness, which can impact how lenders assess the risk of lending to consumers. By establishing credit standards, the CFPB plays a crucial role in protecting consumers from unfair or deceptive practices in the financial sector, promoting transparency, and enhancing consumer understanding of loan products.

In this context, the other choices refer to functions that are typically outside the scope of the CFPB. Setting interest rates for mortgages is primarily determined by market forces and not the CFPB's responsibility. Insuring mortgage loans is a function of entities like the Federal Housing Administration (FHA) or private mortgage insurance companies, rather than the CFPB. Appraising properties falls into the domain of licensed appraisers and is governed by various regulatory bodies, not specifically the CFPB.