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
Post Tagged with: "Richard Cordray"
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