The CFPB announced yesterday that it will hold a field hearing on mobile financial services on June 12, 2014 at 10 a.m. in New Orleans. The hearing will be held at The Old U.S. Mint, located at 400 Esplanade Ave., and feature remarks from Director Cordray and testimony from consumer groups, industry representatives, and members of the public. Field hearings are typically used by the CFPB to announce new initiatives and developments. The CFPB has not yet released the list of speakers for the event, but we speculate that the CFPB may be addressing issues related to disclosures on mobile devices, as well as privacy and data security concerns in the mobile environment.
The hearing will be open to the public but anyone wishing to attend must notify the CFPB at its RSVP website, cfpb.events@cfpb.gov. A livestream of the hearing will be available on the Bureau’s blog.