Richard Cordray Speaks in Florida After Arbitration Rule Repeal
11/6/2017 10:00 AM
The CFPB’s Consumer Advisory Board meeting focused on the final rule for the small-dollar lending market, among other topics.
A day after President Donald Trump signed legislation repealing the Consumer Financial Protection Bureau’s mandatory arbitration rule, Director Richard Cordray spoke before the agency’s Consumer Advisory Board (CAB) in Tampa, Fla., focusing on other regulations and consumer finance trends.
“We also make it a point to travel outside of Washington, D.C., to learn more about consumers in the different parts of the country,” Cordray said at the meeting with about 40 CAB members and visitors, The Tampa Bay Times reports.
The Tampa Bay Times reported that Cordray deflected when asked if he thought the CFPB was “losing clout under the Trump administration."
“I think we have the same mission we’ve always had which is to protect and support consumers in the financial marketplace,” he said, according to the article. “And I think that’s an important mission that is needed by people all across the country.”
Read Cordray’s complete introductory remarks on the CFPB’s website.
Did you attend the CFPB’s Consumer Advisory Board meeting? Share your insights with us on Twitter @ACAIntl or please email Communications Specialist Katy Zillmer.
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