CFPB Releases Strategic Plan

The Consumer Financial Protection Bureau this week released a five-year blueprint that establishes its mission, strategic goals and strategic objectives.

The Bureau’s strategic plan includes three strategic goals:

  • Ensure that all consumers have access to markets for consumer financial products and services.
  • Implement and enforce the law consistently to ensure that markets for consumer financial products and services are fair, transparent, and competitive.
  • Foster operational excellence through efficient and effective processes, governance, and security of resources and information.

“If there is one way to summarize the strategic changes occurring at the Bureau, it is this: we have committed to fulfill the Bureau’s statutory responsibilities, but go no further,” commented acting CFPB director Mick Mulvaney.