Prepared Remarks of CFPB Director Richard Cordray at the FCC Consumer Broadband Disclosure Event

I am pleased to join you to champion the cause of transparency, which the FCC is advancing today with its proposed disclosure for broadband consumers. But before I start, let me be among the first to wish a happy birthday to Chairman Wheeler. Like me, he grew up in central Ohio, which helps explain both his practical good sense and our warm friendship.

The Consumer Financial Protection Bureau is the first federal agency dedicated to protecting consumers in the financial marketplace. For many people, mortgages, student loans, and credit cards will be among the most significant financial transactions they will ever make. Too often, they are also the most complex and confusing. Among …
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