Richard Cordray

CFPB: Consumers can pay steeply for overdraft protection

2013-06-11 04:00:00

After years of consumers paying steep fees for overdraft protection that, in some cases, they didn't even ask for, the government stepped in three years ago. Now, banks must get consumers OK — or opt-in — �before covering ATM and debit card...

Consumer advocates stress discrimination concerns despite new mortgage rule

2013-01-10 14:46:09

Consumer advocates welcomed a federal effort aiming to prevent predatory mortgage lending at a town hall in Baltimore on Thursday, but expressed worries that new rules would not halt discrimination. The Consumer Financial Protection Bureau unveiled a...

Consumer agency director coming to Baltimore to announce new mortgage rule

2013-01-10 00:00:00

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...

CFPB coming to Baltimore to talk mortgage policy

2013-01-07 06:52:00

The Consumer Financial Protection Bureau will hold a hearing in Baltimore on Thursday, Jan. 10, to talk about mortgage policy. This will be the first field hearing by the agency in Baltimore. It’s open to the public. Consumers can get a chance...

CFPB to begin to oversight of credit bureaus

2012-07-16 05:45:00

Credit bureaus collect all sorts of information about us from creditors, and this information is used to make�decisions about whether we deserve a loan, a job or an apartment.��There are�some 400 credit bureaus in the United States, but�oversight has been...

CFPB orders Capital One Bank to refund $140 million to consumers

2012-07-18 08:49:00

Updated with Capital One's response In its first enforcement action, the Consumer Financial Protection Bureau has ordered Capital One Bank to refund $140 million to about�two million customers. On top of that, the bank must pay a $25 million civil...

University of Maryland pledges to make financial aid transparent

2012-06-05 07:05:00

University of Maryland system is among 10 colleges and universities promising to make financial aid transparent to students. It’s part of an Obama Administration effort to make sure incoming students understand what they’re getting into. The...

Wish list for new director of Consumer Financial Protection Bureau

2012-01-09 15:37:00

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...

CFPB takes first step toward regulating prepaid cards

2012-05-23 04:00:00

Prepaid debit cards have been called the Wild West because of their rapid growth, uncontrollable fees and little regulation. That soon may change — or at least the regulation part. The Consumer Financial Protection Bureau is taking its first�...

Obama to defy Senate Republicans and appoint CFPB director

2012-01-04 07:59:00

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...

CFPB shedding light on hidden fees in international money transfers

2012-01-20 14:46:00

Apparently, when people transfer money to relatives outside the U.S., they are dinged by hidden fees. The result is that those family members get less than expected. The Consumer Financial Protection Bureau today adopted a rule that generally will...

A chance to right an old wrong

2012-01-17 03:00:00

President Barack Obama's recess appointment to direct the Consumer Financial Protection Bureau (CFPB), Richard Cordray, wasted no time in announcing the watchdog agency's "nonbank supervision program." Bringing nonbank mortgage lenders more fully and...

Richard Cordray, director of the Consumer Financial Protection Bureau.

2013-04-04 10:40:00

Richard Cordray, nominee for director of the Consumer Financial Protection Bureau, and Mary Jo White, nominee for chair of the Securities and Exchange Commission, are sworn in prior to testifying at a confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs last week.

2013-03-19 06:43:09

Mayor Rahm Emanuel announces new reforms to protect Chicago families from financial fraud as Consumer Financial Protection Bureau (CFPB) Director Richard Cordray looks on at the Department of Business Affairs and Consumer Protection Hearing Room located inside of City Hall in Chicago on Wednesday,

2013-01-10 19:34:00