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Consumer Confidential: Can California force companies to better protect customers? Former CFPB head has hope

David Lazarus, Los Angeles Times on

Published in Business News

Cordray said California lacks the resources to fully supplant the CFPB as the nation's consumer financial protection leader. But he said the state is in a position to make up for much of the shortfall at the federal level.

His main advice to California officials: Be strong, be committed. "A lot depends on willpower," Cordray said.

The Golden State has never lacked for that.

About The Writer

David Lazarus, a Los Angeles Times columnist, writes on consumer issues. He can be reached at david.lazarus@latimes.com.

 

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