Cordray Talks to Credit Unions
CFPB's director spoke to the Credit Union Advisory Council and commends them for their commitment to promoting financial literacy in the classroom. More work is needed, however. He cited a study that showed more than half respondents did not have three months of emergency savings. And more than a third couldn't cover an unexpected expense of $2,000. He also discussed efforts to overhaul the debt collection market. [9/2/16]