ETA Statement on CFPB Director Richard Cordray

Washington, DC – November 15^th, 2017 – The following statement regarding Consumer Financial Protection Bureau (CFPB) Director Richard Cordray is attributed to Jason Oxman, Chief Executive Officer of the Electronic Transactions Association (ETA), the trade association of the global payments technology industry.

“We thank Director Cordray for his service at the CFPB and wish him well in his future endeavors.  We have appreciated his willingness to listen to input on our shared goal of helping consumers achieve their financial goals.

We look forward to working with the White House, Congress, and the CFPB to ensure a regulatory environment that encourages innovation. Creating and promoting a pro-innovation regulatory environment for ETA members — more than 500 financial, technology and payments companies that make electronic commerce possible — is critical to consumers and our nation’s economy.”