CFP Study Guide 2026
Everything you need to pass the CFP exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CFP Exam Format at a Glance
📚 CFP Topics to Study (21)
✍️ Sample CFP Questions & Answers
1. What is 'Dynamic Client Registration' (DCR) in an open banking authorization context?
DCR enables Third Party Providers (TPPs) to automatically and securely register themselves as clients with Open Banking authorization servers, enabling scalable API onboarding without manual approval processes.
2. Which technology allows InsurTech companies to use real-time driving data to price auto insurance policies?
Telematics devices collect real-time data on driving behavior (speed, braking, mileage) to enable usage-based insurance pricing models.
3. What is the purpose of multi-factor authentication (MFA) in fintech applications?
MFA adds layers of security by requiring users to verify their identity through multiple independent factors such as a password plus a one-time code.
4. Which payment card data security standard must fintech companies handling card transactions comply with?
The Payment Card Industry Data Security Standard (PCI DSS) sets requirements for all entities that store, process, or transmit cardholder data.
5. What is 'algorithmic bias' risk in fintech lending?
Algorithmic bias occurs when lending models trained on historical data perpetuate or amplify existing discrimination, potentially violating ECOA and Fair Housing Act standards.
6. What is a compliance audit in CFP practice?
A compliance audit examines adherence to regulations, policies, and standards, identifying gaps and recommending corrective actions.