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Richard Cordray

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Top Richard Cordray Articles see all

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  • Bureau invites consumers to post details of bad mortgage experiences

    Bureau invites consumers to post details of bad mortgage experiences
    Move over, Yelp. The federal government's top consumer agency has just begun allowing mortgage borrowers to vent publicly — in full narrative detail — about the bad experiences they've had with financial institutions.
  • Payday lenders warn that proposed new rules could hurt consumers

    Payday lenders warn that proposed new rules could hurt consumers
    Payday lenders complained loudly that tough new federal regulations proposed for their industry would force many operators to shut down and leave cash-strapped consumers with fewer options for getting short-term loans. "It's apparent to me that...

    Regulators launch major crackdown on payday lenders

    Regulators launch major crackdown on payday lenders
    Federal regulators are launching a major crackdown on payday and other short-term, high-interest lenders by proposing tough new regulations to halt the cycle of debt that cripples some consumers. The planned rules from the Consumer Financial...

    Obama defends consumer agency as it unveils controversial payday loan rules

    BIRMINGHAM, Ala. President Barack Obama leaped to the defense of the Consumer Financial Protection Bureau on Thursday as the beleaguered federal watchdog agency unveiled proposed federal regulations to rein in payday lending. The proposed rules...

    Feds outline new rules on payday loans

    WASHINGTON Federal regulators on Thursday will outline a proposal to place limits on high-interest, short-term loans the first step in the government's efforts to curb payday debt traps. The long-awaited rules drafted by the Consumer Financial Protection...