Former Minnesota AG Humphrey Selected To Lead CFPB’s Office of Older Americans

The Consumer Financial Protection Bureau announced Oct. 19 that former Minnesota Attorney General Hubert H. “Skip” Humphrey III will lead the agency’s newly established Office of Older Americans.

The Dodd-Frank Wall Street Reform and Consumer Protection Act directs the CFPB to create an office within the agency to address the needs of older Americans, defined as those 62 and over. This office is tasked with improving the financial decisionmaking of seniors and preventing unfair, deceptive, and abusive practices targeted at seniors.

Humphrey told reporters that an early area of focus for his office will be gathering information on high-fee consumer ...