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Richard Cordray

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Top Richard Cordray Articles see all

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  • New rules would boost consumer protections for prepaid cards

    The nation's top consumer financial watchdog is taking aim at the booming but lightly regulated prepaid card industry with new rules to protect customers from the vagaries of bank-like operations.
  • U.S. consumer watchdog finds 'illegal' acts in mortgage, student loans

    WASHINGTON (Reuters) - Companies that service U.S. student loans and mortgages tricked customers into paying higher fees or engaged in other acts that violate U.S. consumer laws, the U.S. Consumer Financial Protection Bureau said in a report released on...

    Mortgage fraud is alive and well

    If you thought the bad guys had left the mortgage business for greener pastures, think again. The thieves are still out there, ready to separate you from your money. But at the same time, many of us are still not above stretching the truth a little when...

    U.S. Bank to pay penalties, refunds for services sold but not provided

    U.S. Bank to pay penalties, refunds for services sold but not provided
    Federal regulators have ordered U.S. Bancorp to pay $57 million in restitution and penalties for charging customers for identity-protection and credit-monitoring services they never received. The Consumer Financial Protection Bureau said Thursday that...

    U.S. consumer bureau sues Corinthian, alleging predatory lending

    The U.S. Consumer Financial Protection Bureau sued Corinthian Colleges Inc. on Tuesday, alleging that the ailing Orange County for-profit college operator deceived tens of thousands of students through an "illegal predatory lending scheme." The...