Working with state regulators to protect consumers

Our first video response covers how CFPB will work with state attorneys general and other state regulators to enforce federal consumer financial protection laws. The response comes from Richard Cordray, former Attorney General of Ohio and the lead of our enforcement team.

http://ConsumerFinance.gov

Transcript:

Hi I'm Richard Cordray, chief of enforcement as we stand up the new Consumer Financial Protection Bureau. We have our first suggestion on the website, from Fernando, who points out that state attorneys general also enforce laws that protect consumers across the country.

I'm well aware of that, being a former Attorney General myself from Ohio. We will be looking to work very closely with the state attorneys general, we regard ourselves as part of the same team.

Looking after households and protecting them so they can see prices and assess the risks of financial products clearly in the marketplace which will empower them to use the marketplace more effectively.

So we look forward very much to working with state attorneys general and we see their their laws and the new federal law as working together to protect you and everybody across this country.

Category:

News & Politics

Tags:

• CFPB
• Open for Suggestions
• Video Response
• attorney general
• consumer financial protection
• consumer protection
• state