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Richard Cordray

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  • U.S. consumer regulator warns credit cards on marketing

    WASHINGTON (Reuters) - The top U.S. consumer protection regulator issued a stern warning to credit card companies on Wednesday, saying it believes some of them are deceiving customers about hidden fees associated with certain promotional offers.
  • 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...

    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...