This story appeared in Bank Digest.
Consumer Financial Protection Bureau Director Richard Cordray asserted that the CFPB earnestly believes “in the fundamental principles of openness and fairness” in remarks before the League of United Latin American Citizens Conference February 15. Noting that the median wealth of Hispanic households fell by 66 percent from 2005 to 2009, Cordray committed to “work with you to reverse these trends. We want to strengthen consumer protections for Latinos, just as we aim to do for all consumers in America. We want to make people more aware of their rights as consumers, and to enable them to make decisions they can sustain over the long arc of life for themselves and their families.”