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Richard Cordray

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  • Agency posts thousands of complaints against banks, others

    The Consumer Financial Protection Bureau released thousands of complaints Thursday from disgruntled customers of banks, credit card companies and other providers of financial services.
  • Consumer complaints against banks go online

    Consumer complaints against banks go online
    The Consumer Financial Protection Bureau on Thursday flung open the doors to its massive database of consumer complaints against banks, debt collectors and other institutions. Consumers can read the written accounts of alleged misdeeds by financial...

    'The Fonz' might not be giving all the details about reverse mortgages

    No advertisement tells the full story about a product or service. There are practical reasons for that, such as limited air time or print space. And for obvious reasons, information about costs or risks often is omitted, downplayed or buried in the fine...

    What you should know before taking out a reverse mortgage

    What you should know before taking out a reverse mortgage
    If you took out a reverse mortgage without adding your spouse to the documents, do you know what could happen with the property after you die? Did you know you could lose the house if you forgo maintenance or get behind on property taxes? Are you...

    US regulators warn: Ads for reverse mortgages can mislead

    We've seen the TV ad pitches from celebrities like "The Fonz" Henry Winkler and actor and ex-senator Fred Thompson, touting the benefits of reverse mortgages for older homeowners. Now U.S. regulators are warning: Don't be fooled. Many ads don't tell...