### Question
How is the "consumer financial product or service" defined?


### Answer
The term **consumer financial product or service** is defined in *12 U.S.C. § 5481* as follows -

> any financial product or service that is described in one or more categories under—


(A) paragraph (15) and is offered or provided for use by consumers primarily for personal, family, or household purposes

#### Citation:
  - *12 U.S.C. § 5481*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER V-BUREAU OF CONSUMER FINANCIAL PROTECTION**

