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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 25-36
  • U.S. consumer agency workers pan poor managers, unclear priorities

    WASHINGTON (Reuters) - The new U.S. financial consumer agency will improve managers' training and in-house communications, its director said on Tuesday after an internal report found employees were concerned about inexperienced supervisors and confused...
  • A timely warning from the feds: Bitcoins are the 'Wild West'

    A timely warning from the feds: Bitcoins are the 'Wild West'
    The Consumer Financial Protection Bureau, that whipping boy of big-business conservatives everywhere, demonstrated its value to the average consumer this week by explaining the pitfalls of bitcoins and other such "virtual currencies." The key takeaway,...
  • Digital currencies such as bitcoin carry 'significant risks,' Feds warn

    WASHINGTON Government regulators issued a consumer advisory Monday on the risks of bitcoin and other digital currencies, warning that the virtual funds expose users to volatile exchange rates, hacking, scams and theft. Markups and transaction fees for...
  • Spending Smart: Tormented by debt collectors? Fight back

    Despite the upturn in the economy, more than one-third of Americans last year defaulted on debts and bills that later went into collections, which means many of those people were probably hassled by a debt collector. It's not exactly busting the kneecaps...
  • Overdraft protection can add up to hefty fees on small purchases

    Overdraft protection can add up to hefty fees on small purchases
    Consumers who sign up for overdraft protection are paying hefty penalties when they go over their limit for the smallest of purchases, according to a new report from the Consumer Financial Protection Bureau. In fact, most of the purchases that triggered...
  • Impac Mortgage rolls out loans with easier qualifying terms

    Impac Mortgage rolls out loans with easier qualifying terms
    An Irvine mortgage company that pulled the plug on its higher-risk loans a year before the Great Recession has launched an array of rule-bending home loans nationwide — a sign of a thaw in tightfisted lending standards in place since the housing...
  • Victims of lending scam targeting military win settlement

    WASHINGTON At first glance, the loans advertised by Rome Finance looked like a good deal for service members who wanted to buy new video game consoles, laptops or flat-screen TVs but didn't have the cash. The Concord, Calif., company offered special...
  • Banks rake in overdraft fees on small debit card purchases, CFPB finds

    Banks rake in overdraft fees on small debit card purchases, CFPB finds
    The majority of debit card overdrafts are caused by small purchases, resulting in many consumers paying more for overdraft protection than they spent on the transactions that triggered it, according to a study released Thursday by the Consumer Financial...
  • Overdraft fees risky for consumers, bonanza for U.S. banks: report

    WASHINGTON (Reuters) - Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds. A study by...
  • Plan to expand complaints database would benefit consumers

    Savvy consumers who want to check out a product or business to see if it's worth their hard-earned dollars have plenty of places to go online to search for information. But while there's plenty of data out there, it's often too vague to draw conclusions....
  • GE Capital to refund $225 million to settle credit card allegations

    GE Capital to refund $225 million to settle credit card allegations
    GE Capital agreed to pay $225 million to about 750,000 customers to settle federal allegations of deceptive and discriminatory credit card practices, federal officials said. The claims included an accusation that the financial firm barred Latino...
  • The Supreme Court shifts the balance of power in divided government

    The Supreme Court shifts the balance of power in divided government
    If I were Consumer Financial Protection Bureau Director Richard Cordray, I might be rethinking my retirement plans. Cordray is only 55, so it'll be a few years before the AARP inundates him with solicitations. But he may be the last director to win...