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Richard Cordray

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Top Richard Cordray Articles see all

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  • BofA to pay $727 million to consumers over credit card practices

    BofA to pay $727 million to consumers over credit card practices
    WASHINGTON (Reuters) - Bank of America agreed to pay nearly $800 million in fines and restitution to settle allegations of deceptive marketing and unfair billing involving credit card products, U.S. regulators said on Wednesday.
  • Bank of America to pay $772 million for illegal credit card practices

    Bank of America to pay $772 million for illegal credit card practices
    WASHINGTON -- Bank of America Corp. has agreed to refund customers $727 million and pay $45 million in fines for illegal credit card practices, according to a settlement with federal regulators announced Wednesday. The refunds will go to as many as 2....

    Mortgage hassles lead to threatened foreclosure

    It wasn't by choice that Jennifer Martens switched to Ocwen Loan Servicing. The massive mortgage company took over the servicing of her home loan from IndyMac Bank in November. Things have never been the same. Martens continued to make her monthly...

    U.S. consumer bureau details diversity efforts after complaints

    WASHINGTON (Reuters) - The U.S. consumer financial watchdog plans to ramp up diversity training and is teaching hiring managers to spot unconscious biases, the agency said in a report on Friday amid concerns over its treatment of women and minority...

    Most payday loan borrowers get stuck in 'revolving door of debt'

    Most payday loan borrowers get stuck in 'revolving door of debt'
    WASHINGTON — Four out of five people who take out a short-term payday loan either roll it over or take out another one within two weeks, pushing them into a cycle of debt, according to a report to be released Tuesday by the Consumer Financial...