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Richard Cordray

A collection of news and information related to Richard Cordray published by this site and its partners.

Top Richard Cordray Articles

Displaying items 13-24
  • Obama to defy Senate Republicans and appoint CFPB director

    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...
  • Cordray appointment: A win for Obama -- and the public

    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...
  • 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...
  • The imperial hypocrisy of Harry Reid

    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...
  • Wish list for new director of Consumer Financial Protection Bureau

    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...
  • 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,...
  • A chance to right an old wrong

    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...
  • 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...
  • 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...
  • Beware, mortgage scammers on the rise again

    For years, it was "the Wild West" of real estate scams. As the housing crisis pummeled struggling homeowners, scammers pounced. They offered "easy" loan modifications and "foreclosure counseling" that were often nothing more than attempts to wrest money...
  • Norfolk-based discounter with military clientele to pay $50,000 penalty

    A Norfolk-based discount chain has been ordered to pay a $50,000 civiil penalty for "a fee scam that was designed to exploit unsuspecting service members," the head of the Consumer Financial Protection Bureau said recently. CFPB Director Richard Cordray...
  • U.S. subprime auto lender fined over flawed credit reporting: agency

    WASHINGTON (Reuters) - The U.S. consumer financial watchdog on Wednesday said it fined a subprime auto lender $2.75 million for providing inaccurate information about its customers to credit reporting agencies. Texas-based First Investors Financial...