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Richard Cordray

A collection of news and information related to Richard Cordray published by this site and its partners.

Top Richard Cordray Articles

Displaying items 12-22
  • Corinthian students to get $480 million relief from 'predatory' loans

    Corinthian students to get $480 million relief from 'predatory' loans
    Students who took out private loans while attending schools owned by the for-profit Corinthian Colleges Inc. will be eligible for 40% reductions in their loan balances. The U.S. Consumer Financial Protection Bureau announced the private student loan...
  • Lenders criticize consumer agency's mortgage tool

    Lenders criticize consumer agency's mortgage tool
    An online, interactive mortgage tool for consumers sounds pretty simple and straightforward, but the Consumer Financial Protection Bureau's recent development of one hasn't been particularly well-received by the lending community. In fact, David...
  • Exterior replacement projects offer best bang for buck

    Exterior replacement projects offer best bang for buck
    Remodeling a home this year may not pack quite the punch it has during the past few years. While costs for the work have continued to increase, the payback in terms of home appreciation isn't as great, according to real estate agents who helped...
  • 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...
  • 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...
  • ACE Cash Express to pay $10 million over 'cycle of debt' allegations

    ACE Cash Express to pay $10 million over 'cycle of debt' allegations
    ACE Cash Express, a leading payday lender, has agreed to pay $10 million to settle federal allegations it used false threats of lawsuits and other illegal tactics to pressure customers with overdue loans to borrow more to pay them off. The Irving,...
  • Authorities crack down on mortgage-relief scams nationwide

    Federal and state officials filed lawsuits accusing dozens of companies of ripping off struggling homeowners by falsely promising help in avoiding foreclosures or lowering mortgage payments while collecting millions of dollars in illegal upfront fees....
  • 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...
  • 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...
  • 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....
  • Banks rake in overdraft fees on small debit card purchases, CFPB finds

    Banks rake in overdraft fees on small debit card purchases, CFPB finds
    The majority of debit card overdrafts are caused by small purchases, resulting in many consumers paying more for overdraft protection than they spent on the transactions that triggered it, according to a study released Thursday by the Consumer Financial...