At a November 5 joint press conference with Chicago Mayor Rahm Emanuel, Director Cordray announced that the CFPB and the City of Chicago had entered into an information-sharing agreement.  The agreement was touted as the first of its kind between a city and the CFPB. 

In its press release announcing the agreement, the City of Chicago described the agreement as creating “a framework for the City and the CFPB to share with each other information about scams involving pay-day lenders and other financial institutions affecting Chicagoans.” … Continue Reading