If Ben wants to file a complaint against a financial service company for inappropriate use of funds, which organization should he contact?

Prepare for the Edmentum Personal Finance Exam with flashcards and multiple-choice questions. Gain insights with explanations and hints for each question. Get ready for your test!

The appropriate organization for Ben to contact when filing a complaint against a financial service company for inappropriate use of funds is the Consumer Financial Protection Bureau (CFPB). This agency is specifically designed to oversee and regulate financial institutions, ensuring that consumers are treated fairly and that their rights are protected. The CFPB provides a platform for individuals to report issues or grievances regarding various financial products and services, making it an effective means for Ben to address his concerns.

The CFPB's mission includes educating consumers about their rights and ensuring that financial companies adhere to relevant regulations. In this context, Ben will likely receive guidance on how to proceed with his complaint and the potential actions the bureau can take against the offending service provider.

While other options like the Consumer Protection Office might also handle complaints related to consumer issues, the CFPB specializes in financial services, making it the most relevant choice for Ben's situation. The Police may address criminal behavior but are not typically involved in financial grievances of this nature, and the term "Financial Bureau" is not a specific agency recognized for consumer complaints, which could lead to confusion about where to report such issues.

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