CFPB focused on deceptive marketing, discrimination

Deceptive marketing and discrimination are among four classes of problems Consumer Financial Protection Bureau Director Richard Cordray said can “hijack consumers on the pathway to opportunity.” Cordray discussed these and other issues during a Feb. 21 meeting of the CFPB’s Consumer Advisory Board. He also renewed the bureau’s commitment to pursue discrimination in consumer financial markets based on disparate impact as well as on intentional violations. Read on for the details.