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Richard Cordray

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Top Richard Cordray Articles see all

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  • Agency to allow mortgage borrowers to post complaints

    Agency to allow mortgage borrowers to post complaints
    Move over, Yelp. The federal government's top consumer agency has just begun allowing mortgage borrowers to vent publicly — in full narrative detail — about the bad experiences they've had with financial institutions.
  • Going halfway in reining in the payday predators

    The following editorial appeared in St. Louis Post-Dispatch on Monday, March 30: Last week the federal government took some modest, long-overdue steps toward regulating the payday loan industry. The Consumer Financial Protection Bureau issued drafts of...

    Payday lenders warn that proposed new rules could hurt consumers

    Payday lenders warn that proposed new rules could hurt consumers
    Payday lenders complained loudly that tough new federal regulations proposed for their industry would force many operators to shut down and leave cash-strapped consumers with fewer options for getting short-term loans. "It's apparent to me that...

    Obama defends consumer agency as it unveils controversial payday loan rules

    BIRMINGHAM, Ala. President Barack Obama leaped to the defense of the Consumer Financial Protection Bureau on Thursday as the beleaguered federal watchdog agency unveiled proposed federal regulations to rein in payday lending. The proposed rules...

    Regulators launch major crackdown on payday lenders

    Regulators launch major crackdown on payday lenders
    Federal regulators are launching a major crackdown on payday and other short-term, high-interest lenders by proposing tough new regulations to halt the cycle of debt that cripples some consumers. The planned rules from the Consumer Financial...