The Consumer Federation of America has been one of our foremost and fiercest allies for consumers. I would like to thank everyone here for your leadership and extraordinary work on behalf of all Americans. Your efforts were critical to passing the Dodd-Frank Act. And you have been ardent supporters of our new agency ever since. It is a special treat for me to speak today with a group that is so closely aligned to our own goals.
Thank you for joining us on this call today. John F. Kennedy once noted that economic growth requires “the maximum development of every young American’s capacity.” College remains the gateway to the middle class for millions of Americans. Over the course of their lives, college graduates will earn nearly a million dollars more than they would without that degree.
Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau The Clearing House Annual Conference November 21, 2013 Thank you so much for having me here today. I very much enjoy coming to visit The Clearing House, which has long played a central role in our financial markets. Or, as your own slogan […]
Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau “Know Before You Owe” Mortgage Field Hearing Boston, MA November 20, 2013 The dream of having a place of one’s own has long been part of our American way of life. For many people today, even after all the heartache we have experienced […]
Thank you for joining us on this call. Today we are talking about financial education, which is a topic that I believe is of the utmost importance for the future of our economy and our country. The Consumer Financial Protection Bureau is releasing a study that analyzes the amount of money spent to educate consumers about financial products and, for comparison, the amount spent trying to influence consumers’ decisions about financial products. While it is not surprising that we found that financial education programs are significantly outspent by financial marketing, the gap between the two is nonetheless staggering.
Thank you all for joining us today. We have convened interested parties to discuss what has indeed become a much-talked-about issue – discrimination that can occur in auto lending. Cars and trucks can quite literally take consumers to new opportunities. Maybe the destination is a new job. Or maybe the goal is to save time spent commuting – either to work longer or to have extra time for themselves or their families. For those who live in rural or suburban areas, a vehicle is almost a basic necessity to get around. Every year, millions of American families buy cars and trucks for all these reasons and more, and this market is very important to our economy.