News : Financial Readiness

CFPB Launches Inquiry Into Mobile Financial Services

Wednesday, June 11, 2014  
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CFPB Launches Inquiry Into Mobile Financial Services

Bureau Focuses on Opportunities and Challenges for Unbanked and Underserved Consumers

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) announced it is launching an inquiry into the opportunities and challenges associated with the use of mobile financial services. As part of the inquiry, the Bureau is exploring how mobile technologies are impacting unbanked and underserved consumers with limited access to traditional banking systems.


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