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A collection of news and information related to Richard Cordray published by this site and its partners.
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Consumer advocates stress discrimination concerns despite new mortgage rule
Consumer advocates welcomed a federal effort aiming to prevent predatory mortgage lending at a town hall in Baltimore on Thursday, but expressed worries that new rules would not halt discrimination.
The Consumer Financial Protection Bureau unveiled a...Tags: Banking, Loans, Mortgages, Consumers, Benjamin L. Cardin
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Consumer agency director coming to Baltimore to announce new mortgage rule
Richard Cordray, the director of the Consumer Financial Protection Bureau, is expected to announce the issuance of a pioneering federal rule Thursday that is intended to help prevent a repeat of the risky mortgage lending that led to the recent housing...
Tags: Money and Monetary Policy, Fannie Mae, Federal Reserve, Mortgages, Consumers
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CFPB coming to Baltimore to talk mortgage policy
The Consumer Financial Protection Bureau will hold a hearing in Baltimore on Thursday, Jan. 10, to talk about mortgage policy. This will be the first field hearing by the agency in Baltimore. It’s open to the public. Consumers can get a chance...Tags: U.S. Consumer Financial Protection Bureau, Finance
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University of Maryland pledges to make financial aid transparent
University of Maryland system is among 10 colleges and universities promising to make financial aid transparent to students. It’s part of an Obama Administration effort to make sure incoming students understand what they’re getting into. The...Tags: Financial Aid, University of Maryland, College Park, Joe Biden, Colleges and Universities, Consumers
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CFPB to begin to oversight of credit bureaus
Credit bureaus collect all sorts of information about us from creditors, and this information is used to make decisions about whether we deserve a loan, a job or an apartment. There are some 400 credit bureaus in the United States, but oversight has been...Tags: Credit Ratings, Consumers, Credit and Debt, U.S. Consumer Financial Protection Bureau, Companies and Corporations
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CFPB orders Capital One Bank to refund $140 million to consumers
Updated with Capital One's response In its first enforcement action, the Consumer Financial Protection Bureau has ordered Capital One Bank to refund $140 million to about two million customers. On top of that, the bank must pay a $25 million civil...Tags: Office of the Comptroller of the Currency, Consumers, U.S. Consumer Financial Protection Bureau, Finance
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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: Civil Laws, Credit Ratings, Financial and Business Services, Money and Monetary Policy, Consumer Issue
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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: Consumers, Federal Deposit Insurance Corporation, U.S. Consumer Financial Protection Bureau
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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: Elizabeth Warren, Parties and Movements, Physical Fitness and Exercise, Barack Obama, Consumers
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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, Consumers, U.S. Consumer Financial Protection Bureau
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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: Realty, College Park (Prince George's, Maryland), Parties and Movements, Barack Obama, Mortgages
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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: Republican Party, Consumers, U.S. Consumer Financial Protection Bureau
Jan 10, 2013
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Jan 10, 2013
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Jan 7, 2013
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Jun 5, 2012
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Jul 16, 2012
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Jul 18, 2012
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Jan 9, 2012
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May 23, 2012
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Jan 4, 2012
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Jan 20, 2012
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Jan 17, 2012
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Jan 13, 2012
|Story| Baltimore Sun
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