Richard Cordray

Don't let Trump gut financial protection bureau

Don't let Trump gut financial protection bureau

If you've taken out a credit card, checked your credit score, purchased a home, borrowed money for college, acquired debt or wrangled with debt collectors, the Consumer Financial Protection Bureau (CFPB) is working for you. For example, on Jan. 23, the CFPB ordered CitiFinancial Servicing and CitiMortgage to pay $28.8 million for the wrong done to struggling families trying to save their homes from foreclosure. The CFPB is requiring the two servicers to pay $21.4 million to consumers who lost their homes when the firms failed to provide individuals with options to avoid foreclosure or burdened them with excessive paperwork when seeking foreclosure relief; an additional $7.4 million goes...

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