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Author archive: Richard Cordray

Prepared Remarks of CFPB Director Richard Cordray at the Federal Reserve Bank of Chicago on “Making Libraries Community Hubs for Financial Education”

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Thank you for joining us today. All of us here share the same goal of educating and empowering consumers to help them make responsible financial decisions that are sustainable over time. But I think we also need to share something else: not just the substance of this goal, but a sense of its urgency. We […]

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Prepared Remarks of CFPB Director Richard Cordray at the Greenlining Institute’s Economic Summit

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We appreciate the important role that Greenlining played in urging the creation of the CFPB. We also know how hard Greenlining pushed for authorizing the Offices of Minority and Women Inclusion in the federal financial regulatory agencies. Orson and I have discussed our joint interest in making sure we achieve full implementation of these mandates, and I have also had the opportunity to get input from leading members of Congress on these issues. As a result, we have recently changed our internal structure to elevate the role of our OMWI in addressing issues of diversity and inclusion throughout the Bureau.

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