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Honoring service with service

Each May as we celebrate Memorial Day, our nation takes a moment to remember all of the brave men and women who died in service to our country. Memorial Day was first initiated as a day of remembrance for fallen soldiers during the Civil War but today it serves as a day to honor all servicemembers who lost their lives while serving in America’s conflicts. We will always be mindful of their great sacrifice as we continue to serve the American consumer and those who wear, or have worn, the uniform for our country.

Live from Durham, NC!

On May 23rd, we visited Durham, NC, to hold a field hearing on general purpose reloadable prepaid cards, commonly known as prepaid cards. In concert with the hearing, we announced a new Advance Notice of Proposed Rulemaking (ANPR) on this rapidly growing market.

Watch a recording of Director Richard Cordray’s remarks and the hearing online.
Learn more about prepaid cards and our ANPR.

Published Category: At the CFPB

Empowering America’s consumers

Last week, I joined the Consumer Financial Protection Bureau as Assistant Director of the Office of Financial Empowerment, which is part of our Division of Consumer Education and Engagement. We share a common goal with our colleagues across the Bureau: to protect and empower all consumers. The Office of Financial Empowerment has a special focus […]

Published

Educating and empowering American consumers

There are certain occasions in everyone’s life when one decision can have long-lasting effects. How will you pay for college? Which mortgage should you choose? Where will you turn when you need credit? When will you start saving for retirement? How you answer these questions and others like them can profoundly impact your financial future. […]

New HAMP enhancements will help military homeowners

This post also appears on the Department of the Treasury blog. Our military families make many sacrifices for our nation, and not just when a servicemember goes into combat. Military families also face challenges when a servicemember receives orders for a Permanent Change of Station (PCS) move to another base, and the family has to […]