Director Chopra’s Prepared Remarks to the Financial Literacy and Education Commission
CFPB Director Chopra’s remarks, as prepared for delivery, at a meeting of the Financial Literacy and Education Commission.
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CFPB Outlines Guiding Principles for Faster Payment Networks
CFPB Wants to Ensure Consumer Protections Are Built Into New Payment Systems From Outset WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) outlined guiding principles for protecting consumers as the private sector develops new faster payment systems. These new systems are aimed at reducing “pocket-to-pocket” payment times between consumers and businesses or other […]
CFPB Warns Consumers About Bitcoin
CFPB Now Accepting Complaints on Virtual Currency Products and Services WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) issued a consumer advisory warning consumers about the risks of virtual currencies such as Bitcoin. The CFPB advises consumers to be aware of potential issues with virtual currencies such as unclear costs, volatile exchange rates, […]
Consumer advisory: Virtual currencies and what you should know about them
You may have heard about virtual currencies like Bitcoin, XRP, and Dogecoin. But what are virtual currencies?