CFPB to financial industry: Wake up and smell the coffee, we are not your enemy

Despite how it may be perceived, the Consumer Financial Protection Bureau doesn’t view itself as an “enemy” of the financial industry, nor does it want the industry to view it in that way. Rather, the CFPB wants the financial industry to think of it as “an important new friend and ally” in helping to serve the financial needs of the public, CFPB Director Richard Cordray said this week.

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