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Wednesday, February 26, 2014

CFPB’s Cordray Speaks at Financial Literacy Meeting

Richard Cordray, Director of the CFPB, spoke at the Financial Literacy and Education Commission Meeting about saving and how employers can institute savings plans that will benefit their employees, as well as their business. While he lauded employers that already enroll their employees in retirement accounts automatically, he opined that they could move toward a higher percentage of pay as the auto-enrollment default. Cordray also advised employers to include more financial education and savings options.

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