Legal Newsline

Tuesday, October 22, 2019

Consumer board releases Project Catalyst innovation report

By Legal News Line | Nov 10, 2016

TOPEKA, Kan. (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) recently announced a report highlighting various market developments that have the potential to produce benefits for consumers.


The developments come mostly from FinTech startups and traditional financial institutions, and include new products, services and trends. The report is part of Project Catalyst, which works to promote consumer-friendly innovation by making sure consumer protections are built into emerging products and services from the outset.


“Innovation has enormous potential to improve the financial lives of consumers,” said CFPB Director Richard Cordray. “At the same time, market developments cannot skirt the need for strong consumer protection. Through Project Catalyst and other bureau activities, we are working to expand our own knowledge and to foster a consumer financial marketplace where emerging products can be developed that are safe and beneficial for consumers.”

Want to get notified whenever we write about Consumer Financial Protection Bureau ?

Sign-up Next time we write about Consumer Financial Protection Bureau, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Consumer Financial Protection Bureau