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CFPB Launches New Effort to Promote Competition and Innovation in Consumer Finance

Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) is opening a new office, the Office of Competition and Innovation, as part of a new approach to help spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants.
United States Rohit Chopra Consumer Financial Protection Bureau Office Of Innovation Office Of Competition Consumer Financial Protection Act

CFPB Releases Report on Financial Challenges Facing Rural Communities

Today the Consumer Financial Protection Bureau (CFPB) issued a report on the challenges faced by Americans in rural communities. The report highlights that many of these communities lack access to physical bank branches, are more likely to seek credit from nonbanks, and are heavily affected by medical bills.
United States Rohit Chopra Us Department Of Agriculture Federal Reserve Consumer Financial Protection Bureau Economic Research Service

Coalition Letter on a Hearing Related to Arbitration in Financial Service Products

This Coalition letter was sent to Members of the Senate Committee on Banking, Housing, and Urban Affairs on a hearing entitled "Examining Mandatory Arbitration in Financial Service Products.”
United States Electronic Transactions Association American Financial Services Association National Association Of Federal Credit Unions Community Bankers Of America American Securities Association

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