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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
  • Banks embracing a housing-bubble favorite: interest-only loans

    Most of the risky mortgages that triggered the financial crisis have disappeared from the marketplace, and lenders will have even more reason to avoid them because of a new federal crackdown on loose lending. But one housing-bubble favorite —...
  • 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...
  • 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...
  • 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...
  • Mortgage lender accused of paying illegal bonuses for costlier loans

    Mortgage lender accused of paying illegal bonuses for costlier loans
    WASHINGTON -- The Consumer Financial Protection Bureau on Tuesday sued Castle & Cooke Mortgage, accusing it of paying illegal bonuses to employees who steered home buyers toward higher-interest loans. The suit marks the first time a company has been...
  • Consumer bureau suit says debt-relief firm charged improper fees

    Consumer bureau suit says debt-relief firm charged improper fees
    WASHINGTON -- The federal government's consumer financial watchdog on Tuesday sued Morgan Drexen Inc., of Costa Mesa, alleging it charged more than 22,000 customers millions of dollars in illegal upfront fees to help them resolve outstanding debts....
  • U.S. judge dismisses suit against Dodd-Frank financial reform law

    U.S. judge dismisses suit against Dodd-Frank financial reform law
    WASHINGTON -- A federal judge has dismissed a lawsuit by a Texas bank, two free-market advocacy groups and 11 states against the Dodd-Frank Wall Street reform law, saying they did not show the likelihood of financial harm from the new government...
  • Senate clears way for Cordray confirmation as consumer bureau chief

    Senate clears way for Cordray confirmation as consumer bureau chief
    WASHINGTON -- The Senate on Tuesday cleared the way for Richard Cordray to be confirmed as director of the Consumer Financial Protection Bureau after Democrats and Republicans struck a tentative agreement to avoid a confrontation over the use of...
  • Bernanke: Markets starting to understand Fed's stimulus message

    Bernanke: Markets starting to understand Fed's stimulus message
    WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke on Wednesday admitted there has been some confusion as the central bank has tried to explain plans to scale back its stimulus policies, but said he thought financial markets were "beginning to...