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Author archive: Richard Cordray

Prepared Remarks of CFPB Director Richard Cordray at the Financial Literacy and Education Commission Meeting

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I want to thank everyone here for your continued work to make a difference in the financial lives of consumers. As we recognize America Saves Week and Military Saves Week, it is notable that the Commission is gathered here today to discuss youth savings accounts. The release of this guidance will help young people all across the country to become more actively engaged in their own financial lives.

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Prepared Remarks of CFPB Director Richard Cordray at the Financial Services Roundtable Event on Financial Education

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Thank you all for joining us here today. We all agree that consumers need both a safe, transparent financial marketplace and the capability to navigate that marketplace effectively.

In the past few years, we have been working through the residue of the financial crisis. During that crisis, millions lost their jobs, millions lost their homes, and almost everyone lost part of their life savings. As we emerge from those tough times, it is even more essential that we empower people to take more control over their economic lives. Both consumers and industry will benefit if we can do more to achieve that outcome.

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