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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 —...
  • Maryland to receive $88 million of $2.1 billion national settlement

    Maryland to receive $88 million of $2.1 billion national settlement
    Maryland expects to receive about $88 million of a $2.1 billion national settlement reached with Ocwen Financial Corp. over "systematic misconduct" in the mortgage servicer's handling of loans. Announced Thursday, the deal settles a federal complaint...
  • Ocwen settlement to benefit 25,000 current, former Illinois homeowners

    Ocwen settlement to benefit 25,000 current, former Illinois homeowners
    Ocwen Financial Corp. will provide $2 billion in principal reductions to underwater borrowers, as well as refund $125 million to almost 185,000 borrowers who lost their homes to foreclosure, under a settlement announced Thursday that resolves...
  • When the right to sue goes away

    Federal regulators are taking a closer look at those restrictive contract provisions that force consumers to arbitrate disputes — barring them from suing a company individually or joining a class-action lawsuit. And it doesn't look as if officials...
  • 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...
  • 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...
  • Celebrating Obama's Reversals

    Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision. Barack Obama used a recess appointment to make...
  • Congress Should Dismantle Consumer Bureau

    There can be unseemly exposure of the mind as well as of the body, as the progressive mind is exposed in the Consumer Financial Protection Bureau, a creature of the labyrinthine Dodd-Frank legislation. Judicial dismantling of the CFPB would affirm the...
  • Paper or plastic? Workers deserve say in how they get paid

    A Pennsylvania woman's anger about having her wages loaded onto a debit card instead of deposited into her bank account has been recognized all the way in Washington, where a federal agency is warning employers they can't pay workers solely in plastic....