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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 45-55
  • 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...
  • Senate confirms Thomas E. Perez as Labor secretary

    Senate confirms Thomas E. Perez as Labor secretary
    WASHINGTON — Thomas E. Perez was confirmed as secretary of Labor on Thursday, ending a long battle over his nomination in a key test of this week’s deal to end a showdown over Senate rules. Perez, currently the nation’s top civil...
  • 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...
  • American Express to pay $75 million in deceptive practices case

    American Express to pay $75 million in deceptive practices case
    Three American Express Co. subsidiaries have agreed to pay about $75 million in restitution and penalties for a variety of illegal practices involving hundreds of thousands of credit-card customers, regulators said Tuesday. American Express Travel...
  • When the right to sue goes away

    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...
  • The rich are different -- they still get interest-only mortgages

    The rich are different -- they still get interest-only mortgages
    Few of the nontraditional home loans that triggered the financial crisis are still available, and lenders will have even more reason to avoid them now that the Consumer Financial Protection Bureau’s definition of presumably safe and sound...
  • Banks embracing a housing-bubble favorite: interest-only loans

    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 —...
  • 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...
  • Consumer bureau fines payday lender Cash America, orders refunds

    Consumer bureau fines payday lender Cash America, orders refunds
    WASHINGTON -- In its first enforcement action against a payday lender, the Consumer Financial Protection Bureau on Wednesday fined Cash America International $5 million and ordered $14 million in refunds for overcharging customers, robo-signing...
  • U.S. to begin regulating largest student-loan servicing firms

    U.S. to begin regulating largest student-loan servicing firms
    Students who get the runaround from companies handling their college loans soon may get help from the federal government. The Consumer Financial Protection Bureau said it will begin regulating the nation's largest student-loan servicing firms, which...