Post Tagged with: "Richard Cordray"

CFPB’s Richard Cordray Tells Bankers to Push for Financial Education

CFPB’s Richard Cordray Tells Bankers to Push for Financial Education

by October 21, 2013 at 11:32 am 2 comments

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), told bankers at the American Bankers Association’s annual convention today to push for financial education for young people at the state level in order to bring up a new generation of responsible borrowers. “Anything you say,” Cordray told the roomRead More

17% of the CFPB’s Complaints Relate to Bank Accounts or Services

17% of the CFPB’s Complaints Relate to Bank Accounts or Services

by March 28, 2013 at 5:36 pm 1 comment

The Consumer Finance Protection Bureau opened its complaints database for public viewing today, and just a fraction of those complaints relate to bread-and-butter retail banking. Specifically, 17% of the customer complaints by volume related to bank accounts or services, while 50% of the overall complaints in the database regard mortgages.Read More