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Richard Cordray

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  • 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.
  • 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...

    A timely warning from the feds: Bitcoins are the 'Wild West'

    The Consumer Financial Protection Bureau, that whipping boy of big-business conservatives everywhere, demonstrated its value to the average consumer this week by explaining the pitfalls of bitcoins and other such "virtual currencies." The key takeaway,...

    Digital currencies such as bitcoin carry 'significant risks,' Feds warn

    WASHINGTON Government regulators issued a consumer advisory Monday on the risks of bitcoin and other digital currencies, warning that the virtual funds expose users to volatile exchange rates, hacking, scams and theft. Markups and transaction fees for...

    Spending Smart: Tormented by debt collectors? Fight back

    Despite the upturn in the economy, more than one-third of Americans last year defaulted on debts and bills that later went into collections, which means many of those people were probably hassled by a debt collector. It's not exactly busting the kneecaps...