Highlights
A collection of news and information related to Richard Cordray published by this site and its partners.
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CFPB takes first step toward regulating prepaid cards
Prepaid debit cards have been called the Wild West because of their rapid growth, uncontrollable fees and little regulation. That soon may change — or at least the regulation part. The Consumer Financial Protection Bureau is taking its first ...Tags: U.S. Consumer Financial Protection Bureau, Consumers, Federal Deposit Insurance Corporation
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A chance to right an old wrong
President Barack Obama's recess appointment to direct the Consumer Financial Protection Bureau (CFPB), Richard Cordray, wasted no time in announcing the watchdog agency's "nonbank supervision program." Bringing nonbank mortgage lenders more fully and...Tags: Federal Deposit Insurance Corporation, Mortgages, Realty, Parties and Movements, U.S. Consumer Financial Protection Bureau
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Let Consumer Financial Protection Bureau do its job
Republicans lament the action taken by our president to make a recess appointment — finally — to head the Consumer Financial Protection Bureau, a valuable government agency. I do not know the likely outcome of any challenge to this action,...Tags: U.S. Consumer Financial Protection Bureau, Republican Party, Consumers
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The imperial hypocrisy of Harry Reid
Senate Majority Leader Harry Reid, a man whose political success is largely attributable to the aura of befuddled incompetence he uses to disarm his adversaries, was a failed Watergate baby.
In 1974, a slew of often sanctimonious and very liberal...Tags: Executive Branch, The New York Times, Financial Markets, Harry Reid, Christopher Dodd
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Sen. Mitch McConnell's threat: Mean-spirited and undignified
Senate Minority Leader Mitch McConnell is accusing President Obama of acting "arrogantly" in his recent recess appointment of Richard Cordray as head of the Consumer Financial Protection Bureau ("Obama picks consumer chief," Jan 5). I would say that...Tags: U.S. Consumer Financial Protection Bureau, Barack Obama, U.S. Senate, Republican Party, Consumers
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Cordray appointment: A win for Obama -- and the public
President Barack Obama owes congressional Republicans at least a thank-you card for their efforts to block Richard Cordray as head of the Consumer Financial Protection Bureau. That GOP leaders continue to howl over Mr. Obama's decision on Wednesday to...Tags: Scranton, Credit and Debt, Parties and Movements, Jacksonville (Indiana, Pennsylvania), Martin Sheen
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CFPB shedding light on hidden fees in international money transfers
Apparently, when people transfer money to relatives outside the U.S., they are dinged by hidden fees. The result is that those family members get less than expected. The Consumer Financial Protection Bureau today adopted a rule that generally will...Tags: Money and Monetary Policy, U.S. Consumer Financial Protection Bureau, Consumers
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Wish list for new director of Consumer Financial Protection Bureau
To: Richard Cordray, Director
Consumer Financial Protection Bureau
Dear Mr. Cordray:
First, congratulations on your appointment to lead the Consumer Financial Protection Bureau.
Unless the banking interests have their way, your appointment is expected...Tags: Financial and Business Services, Consumer Issue, Teaching and Learning, Credit Ratings, Credit and Debt
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Obama to defy Senate Republicans and appoint CFPB director
Republicans in the Senate have refused vote for any director of the new Consumer Financial Protection Bureau until the agency is weakened. Without a director, the CFPB's powers are more limited.
This morning, the White House announced it would appoint...Tags: Physical Fitness and Exercise, Parties and Movements, U.S. Consumer Financial Protection Bureau, Barack Obama, White House
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GOP's anti-democratic tantrum
"Balanced." "Fair-minded." Showing "great personal integrity." These are some of the terms a bipartisan group of 37 state attorneys general used to describe former Ohio Attorney General Richard Cordray, President Barack Obama's nominee for director of the...Tags: Lawyers, Trials, Richard Shelby, Douglas F. Gansler, U.S. Consumer Financial Protection Bureau
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Consumer bureau moves to regulate reloadable prepaid cards
WASHINGTON — The consumer financial watchdog is taking aim at reloadable prepaid cards, moving to regulate a fast-growing product that has become a popular alternative to checking accounts for lower-income Americans and a new source of fees for some...Tags: Durham (Durham, North Carolina), Unemployment Benefits, Consumers, Banking, Credit and Debt
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U.S. consumer watchdog focusing on prepaid cards
ReutersBy Dave Clarke WASHINGTON, May 23 (Reuters) - The U.S. consumer financial watchdog is turning its attention to the growing prepaid card market, announcing on Wednesday that it was seeking information about how to better regulate the industry. The...Tags: Durham (Durham, North Carolina), Consumers, Credit and Debt, JPMorgan Chase & Co.
May 23, 2012
|Story| Baltimore Sun
Jan 17, 2012
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Jan 13, 2012
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Jan 9, 2012
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Jan 8, 2012
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Jan 5, 2012
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Jan 20, 2012
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Jan 9, 2012
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Jan 4, 2012
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Dec 13, 2011
|Story| Baltimore Sun
May 23, 2012
|Story| Los Angeles Times
May 23, 2012
|Story| Reuters
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