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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 34-44
  • Consumer Financial Protection Bureau is keeping banks in check

    Michael Barr served as the U.S. Treasury Department's assistant secretary for financial institutions in 2009 and 2010. He oversaw the Obama administration's dealings with Congress in creating the Consumer Financial Protection Bureau. And he's still...
  • Force-placed insurance, an unnecessary burden for strapped mortgage borrowers

    As if homeowners who have fallen behind on their mortgage payments don't have enough woe, it now appears that some are being gouged by insurance policies their loan servicers are taking out on their homes -- and obligating them to pay for. These...
  • Pension loans potentially ruinous, often illegal

    Shut out by conventional lenders, people with low incomes or bad credit have long been targeted by high-cost operators offering payday loans, car title loans and the like. In the past few years, a new and insidious player has come into this field offering...
  • Consumer watchdog targets debt collectors

    Consumer watchdog targets debt collectors
    WASHINGTON — The federal government's consumer financial watchdog plans to crack down on the nation's 4,500 debt collectors with new regulations to ensure that collectors are going after the right people for the right amounts and aren't badgering...
  • New mortgage disclosure forms to roll out in August 2015

    New mortgage disclosure forms to roll out in August 2015
    WASHINGTON — The federal government's consumer financial watchdog will require lenders to issue shorter, easier-to-understand mortgage disclosure forms to home buyers that more clearly show the costs and terms of the loans. The Consumer...
  • Debt collectors could face new regulations

    The calls to Dorothy Smith of Bethlehem started in January. She was told she owed nearly $8,300 for an unpaid home-improvement loan. Smith told the caller, Portfolio Recovery Associates of Virginia, that she didn't owe the debt. The money had been...
  • Key Republican drops opposition to EPA nominee

    Key Republican drops opposition to EPA nominee
    WASHINGTON – A key Republican senator has dropped his objection to Gina McCarthy’s confirmation to lead the Environmental Protection Agency, potentially clearing her path as Republicans seek to head off Democratic efforts to change Senate...
  • Consumer agency director coming to Baltimore to announce new mortgage rule

    Consumer agency director coming to Baltimore to announce new mortgage rule
    Richard Cordray, the director of the Consumer Financial Protection Bureau, is expected to announce the issuance of a pioneering federal rule Thursday that is intended to help prevent a repeat of the risky mortgage lending that led to the recent housing...
  • New mortgage rules show just how out-of-touch the lending process is

     
    A federal agency is scheduled to announce new rules today governing how future mortgages can be made. The centerpiece of the rules is making sure borrowers can afford to repay the loans. Shouldn't that always have been the case? That's......
  • Political stalemate continues on Consumer Financial Protection Bureau

     
    The Consumer Financial Protection Bureau has a director only because the president went around Congress and seated Richard Cordray through a recess appointment. Cordray, a former Ohio attorney general, was up for nomination again today, and the...
  • Credit report complaints now publicly available

     
    A federal agency has added complaints about credit reports to its growing public database of complaints about financial matters. You can search the database to see if other people are having the same problems as you, and whether they were......