Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mobile Financial Services Input Sought by Consumer Bureau

June 11 (Bloomberg) -- The U.S. Consumer Financial Protection Bureau today said it is seeking public comment on how consumers, especially the economically vulnerable, are using mobile services to manage their finances.

“We want to learn more from the American public about the opportunities and challenges associated with mobile financial products and services, especially as they may affect underserved consumers,” Richard Cordray, the agency’s director, said in remarks prepared for delivery tomorrow in New Orleans.

In 2013, 74,000 new customers began using mobile banking services each day, according to the bureau’s notice requesting comment. The information CFPB gathers will be used to “inform the bureau’s consumer education and empowerment strategies.”

Comments are due to the bureau by Sept. 11.

To contact the reporter on this story: Carter Dougherty in Washington at

To contact the editors responsible for this story: Maura Reynolds at Anthony Gnoffo

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.