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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 67-77
  • 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...
  • 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......
  • 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......
  • 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...
  • Report cites mortgage servicing problems at banks, nonbanks

     
    The Consumer Financial Protection Bureau issued a report Wednesday that says banks and nonbanks have problems handling mortgages. The report cites sloppy account transfers and poor payment processing. “Our examinations of banks and nonbanks allow us...
  • Wish list for new director of Consumer Financial Protection Bureau

    Wish list for new director of Consumer Financial Protection Bureau
    To: Richard Cordray, Director Consumer Financial Protection Bureau Dear Mr. Cordray: First, congratulations on your appointment to lead the Consumer Financial Protection Bureau. Unless the banking interests have their way, your appointment is expected...
  • Text of President Obama's State of the Union address

    Text of President Obama's State of the Union address
    Text of President Barack Obama's State of the Union address, as provided by the White House: Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests and fellow Americans: Last month, I went to Andrews Air Force Base and welcomed...
  • Discriminatory lenders beware: Consumer watchdog is cracking down

    Discriminatory lenders beware: Consumer watchdog is cracking down
    Lenders who discriminate on the basis of certain demographics when dealing with auto loans, mortgages, credit cards, student loans and more are now in the cross hairs of the new Consumer Financial Protection Bureau. The watchdog declared war Wednesday...
  • Obama to defy Senate Republicans and appoint CFPB director

    Obama to defy Senate Republicans and appoint CFPB director
    Republicans in the Senate have refused vote for any director of the new Consumer Financial Protection Bureau until the agency is weakened. Without a director, the CFPB's powers are more limited. This morning, the White House announced it would appoint...
  • Cordray appointment: A win for Obama -- and the public

    Cordray appointment: A win for Obama -- and the public
    President Barack Obama owes congressional Republicans at least a thank-you card for their efforts to block Richard Cordray as head of the Consumer Financial Protection Bureau. That GOP leaders continue to howl over Mr. Obama's decision on Wednesday to...