As I reflect on the last eight months, I want to take an opportunity to express my immense gratitude and pride in the work that @CFPB staff has done to protect consumers during my time as Acting Director.
The Bureau’s recent work on small business lending will greatly improve our understanding of the needs and experiences of small business owners so that the Bureau can better serve them.
As we approach the end of another tax year, I am encouraging my colleagues at the CFPB, and across the Federal government, to seize this once-a-year opportunity to help people in their communities build financial stability. https://t.co/yDvowsAtvP
.@CFPB wants to hear from entrepreneurs across the country to understand your triumphs and challenges in finding the capital you need to bring your dream to life. https://t.co/wHDS1S4XaR
The American Dream of starting a business has often been a path to prosperity for both entrepreneurs and the communities they serve. But potential entrepreneurs can struggle to access credit at affordable prices.
To protect consumers and ensure a transparent and competitive marketplace, @CFPB will
- Continue education on best practices related to credit cards
- Research emerging tech and products
- Address regulatory uncertainty and identify compliance deficiencies
Today, @CFPB released the 2021 Consumer Credit Card Market Report. This research found that the way people used credit cards shifted as the pandemic changed their financial realities. I’ve included some key findings in the thread. https://t.co/xTzSExiXgr
Credit card issuers continued to make fewer debt collection phone calls for delinquent credit card accounts while increasing the use of emails in collection.