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Richard Cordray

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Top Richard Cordray Articles see all

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  • A little relief for student loan borrowers

    There's good news, and maybe better news, for student loan borrowers. But it won't solve the problem of more than 40 million Americans who together have $1.2 trillion dollars of student loan debt outstanding. That huge and growing burden of student loans outstanding is impacting the entire economy, as young graduates postpone having families and buying homes under the burden of repaying their debt.
  • Consumer agency opens review of student loan services

    The Consumer Financial Protection Bureau opened a public inquiry Thursday into student loan servicing practices that it says can make paying back loans "stressful or harmful." Private and federal student loan debt totals more than $1.2 trillion. Loans...

    Student loan services have trillions of reasons to keep customers in debt

    Student loan services have trillions of reasons to keep customers in debt
    Do companies that service student loans make more money when they provide less service? The federal government's consumer watchdog wants to see what changes can be made to help the 40 million people with student loan debt save money and avoid default....

    Verizon and Sprint to pay $158 million to settle mobile cramming case

    Verizon and Sprint to pay $158 million to settle mobile cramming case
    Verizon Communications Inc. and Sprint Corp. have agreed to pay a combined $158 million, including at least $120 million in consumer refunds, to settle federal and state investigations into allegations mobile customers were improperly billed for premium...

    Sprint and Verizon Wireless to pay $158 million in mobile 'cramming' settlement

    Sprint and Verizon Wireless to pay $158 million in mobile 'cramming' settlement
    Sprint and Verizon Wireless will pay $158 million in penalties and refunds to consumers nationwide, including many in Maryland, under a national settlement over allegations of mobile cramming. Maryland Attorney General Brian E. Frosh joined Vermont...