Which of the following is not identified as a type of consumer protection law by the CFPB?

The choice of credit authorization and security not being identified as a specific type of consumer protection law by the Consumer Financial Protection Bureau (CFPB) highlights a distinction in the scope of the CFPB's regulations. The CFPB primarily focuses on laws that protect consumers during financial transactions, ensuring they have clear information, privacy, and protection from unfair practices.

Financial disclosure laws are fundamental to consumer protection, requiring that consumers receive clear and accurate information regarding the terms and costs of financial products. This transparency helps individuals make informed choices.

Privacy protection and consumer identification laws are crucial in safeguarding consumer data. The CFPB emphasizes consumers’ rights to control their personal information and ensures that financial institutions maintain robust privacy policies.

The prohibition of predatory lending is also a significant focus of consumer protection efforts. It addresses the need to prevent lenders from exploiting vulnerable consumers through deceptive or abusive practices.

In this context, credit authorization and security may refer more to the technical aspects of securing credit transactions rather than overarching laws designed to protect consumers, which is why it is not recognized as a distinct type of consumer protection law by the CFPB.