Thank you, Todd, for the kind introduction. And thank you to the staff of the Law and Economics Center for the invitation to speak today. I am honored to participate in an event organized by an institution recognized as having a rich and consequential intellectual tradition. I am also grateful to Chris Mufarrige for his invaluable assistance in helping prepare my remarks today.
Good morning. Thank you Ruth for the introduction and for inviting the Bureau to be a part of this year’s Consumer Empowerment Conference. Consumer Action has graciously invited Bureau employees to speak at this event in years past, and I am honored to continue this tradition. And I am especially happy to return to my roots here in the Midwest.
The Bureau of Consumer Financial Protection (BCFP), working in collaboration with 11 financial regulators and related organizations, is announcing an initiative to create the Global Financial Innovation Network (GFIN).
Bureau of Consumer
Financial Protection (Bureau) Acting Director Mick Mulvaney today announced he
has selected Paul Watkins to lead the Bureau’s new Office of Innovation.
Company to Regularly Report Lending and Compliance Information to the Bureau
I am glad to be with you today to hear firsthand about the latest innovations in consumer financial services. These innovations seem to be generating considerable interest and optimism about the future. They are driving new services for consumers and transforming how they conduct their finances.
Report Discusses Market Developments with Potential for Consumer-Friendly Innovation
Thank you. It is exciting to be here at Money 20/20 and see all of the intense interest around innovation in consumer financial services. The possibilities opened up by powerful technologies and novel approaches are enabling new services and transforming how payments and lending are conducted.
Project Also Finds Savings Persist After Offers End
Good afternoon and thank you for inviting me today. It is good to be here with so many people who have similar goals and ideals. The thread that ties us together is our shared commitment to the goal of empowering the economically vulnerable among us. At the Consumer Financial Protection Bureau, we understand our ultimate goal is to make sure every consumer counts.
