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Richard Cordray

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Top Richard Cordray Articles see all

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  • Medical debt makes up half of all overdue debt on credit reports, new study says

    Medical debt makes up half of all overdue debt on credit reports, new study says
    Even someone who has a good job and pays all of their bills on time can end up with a black mark on their credit report because of an unexpected medical bill, which is troubling, a federal agency said Thursday in a report offering insight into the medical collections process.
  • Susan Tompor: How to be a shark at the prepaid card game

    Wait, did you just buy a gift card at the drugstore to tuck into someone's stocking? Or is the plastic really a fee-loaded version of a checking account? Racks of plastic dot the ends of aisles at drugstores and supermarkets. Typically, gift cards are...

    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. The proposal to be released Thursday by the Consumer...

    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...

    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...