Richard Cordray


Last quote by Richard Cordray

Meridian Title illegally steered consumers into purchasing a product from an affiliated company to add to its bottom
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NEW Oct 18 2017
We found 43 articles in which Richard Cordray said something. The most recent Richard Cordray’s quote is: “Lenders actually prefer customers who will re-borrow repeatedly.”. In addition, all sources we refer have quoted Richard Cordray 54 times. On this page, you will find all of Richard Cordray’s quotes organized by date and topic.
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Richard Cordray quotes

Aug 31 2017

I encourage you to remain focused on doing your good work on behalf of consumers. Keep calm and carry

Aug 31 2017

This has been an agency that has gotten people's attention in a lot of ways. They have a lot of things they say about

Aug 31 2017

Sometimes you look at the critics and say, Nobody else was telling me that, but you

Aug 31 2017

There must be hundreds of such

Aug 23 2017

They have ceased this practice and are making consumers whole. In particular, because they self-reported the problem and fully cooperated with our investigation, no civil penalties are being assessed in this

Aug 17 2017

People are taking on more student debt later in life, and having a tougher time paying it

Aug 11 2017

The prototype forms are designed to show more clearly the cost of the fees and when they can be

Jul 10 2017

I am, of course, aware of those parties who have indicated they will seek to have the Congress nullify this new rule. My obligation as the director of the Consumer Bureau is to act for the protection of consumers and in the public interest. In deciding to issue this rule, that is what I believe I have

Jul 10 2017

In practice, companies use these clauses to bar groups of consumers from joining together to seek justice by vindicating their legal right. Very few people have the time or the money to fight on their own over a small amount of

Jun 22 2017

Borrowers working in public service should not miss out on key consumer benefits because their student loan servicer failed to comply with the law. Our examiners will scrutinize whether servicers are telling consumers what they need to do to qualify for loan

Jun 22 2017

For borrowers that qualify, this program is intended to offer the peace of mind to direct their energy and expertise toward strengthening their communities. Many of these borrowers work for relatively modest wages in low-income areas where their help is desperately needed, as teachers, public defenders, social workers and nurses. Some have moved to underserved communities or turned down private-sector jobs that would have paid them more. All of them are serving our country in important

May 11 2017

Those who talk about weakening the Consumer Bureau are missing the importance of the work we are doing to stand up for individuals and families all over this country. Nobody should want to return to a system that failed us and produced a financial crisis that damaged so many

Apr 20 2017

The consumer bureau has uncovered substantial evidence that Ocwen engaged in unfair and deceptive

Apr 18 2017

It really shouldn't change the job at

Mar 23 2017

We recognize that data access makes it possible to realize the many benefits of competition and innovation. We remain concerned about reports of some institutions that may be limiting or restricting access

Mar 17 2017

I think that the independence of a consumer watchdog is very much worth fighting for. It's really important

Feb 17 2017

Alternative data from unconventional sources may help consumers who are stuck outside the system build a credit history to access mainstream credit sources. We want to learn more about whether this non-traditional approach can offer opportunities to millions of Americans who are credit-invisible and how to minimize any risks in how this information is

Feb 08 2017

I'm just focused on doing my job, which is protecting consumers. The rest of it is above my pay

Feb 01 2017

(Their) failures cut off tens of thousands of vulnerable consumers from their own money, and threw some into a personal financial

Jan 23 2017 - McDonald's

Citi's subsidiaries gave the runaround to borrowers who were already struggling with their mortgage payments and trying to save their homes. Consumers were kept in the dark about their options or burdened with excessive

Jan 19 2017

Among the telling details alleged in the bureau's complaint is the fact that the bank's [former] CEO even named his own pleasure boat the '

Jan 12 2017

Responsible debt collectors that do their work with care and treat consumers with respect are a natural and even an essential part of the financial marketplace. Yet nobody should be surprised that debt collection drives more consumer complaints than any other financial product or

Jan 12 2017

Our survey also reflects a grim reality for many consumers who find themselves on a debt collector's radar. They may be threatened or harassed with incessant contacts. They may be contacted about debts they do not owe.They may be given incorrect information about debts they do

Jan 12 2017

To be specific, many consumers said they did not believe they owed the debt at all, that the creditor or collector sought an incorrect amount, or that the debt was owed not by them but by another family

Jan 03 2017

Credit scores are central to a consumer's financial life and people deserve honest and accurate information about

Oct 05 2016

Though many prepaid companies already offer some of these same protections to their consumers, it is vital for consumers to have assurance that these protections are now the law of the

Oct 04 2016

Our new rule closes loopholes and protects prepaid consumers when they swipe their card, shop online, or scan their

Sep 12 2016

This was outrageous conduct. It was a violation of trust and an abuse of trust. It should not have happened, and I guarantee you that we will be seeing that it does not happen again at any

Sep 12 2016

We put industry clearly on notice. We will be looking for these types of

Sep 12 2016

We are going to make sure that these banks raise their standard of conduct to what we expect and what the consumers

Sep 08 2016

Today's action should serve notice to the entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal

Sep 08 2016

Wells Fargo built an incentive-compensation program that made it possible for its employees to pursue underhanded sales practices, and it appears that the bank did not monitor the program

Aug 04 2016

The Consumer Bureau is committed to ensuring that homeowners and struggling borrowers are treated fairly by mortgage servicers and that no one is wrongly foreclosed

Jul 28 2016

We continue to hear about serious problems with debt collection – debiting accounts without authorization, calling at all hours of the day or night, threats of arrest or criminal prosecution, or threats of physical harm to consumers and even their

Jul 28 2016

This is about bringing better accuracy and accountability to a market that desperately needs

Jul 05 2016

Standing up for consumers is a full time

Jul 05 2016

Mortgage lending is up, auto lending is up … credit card lending is

Jun 29 2016

BancorpSouth's discrimination throughout the mortgage lending process harmed the people who were overcharged or denied their dream of homeownership based on their race, and it harmed the Memphis minority neighborhoods that were redlined and denied equal access to affordable

Jun 22 2016

Mortgage servicers can't hide behind their bad computer systems or outdated technology. There are no excuses for not following federal

Jun 06 2016 - Fintech

By putting in place mainstream, common-sense lending standards, our proposal would prevent lenders from succeeding by setting up borrowers to

Jun 05 2016

Approximately one in four new loans result in a sequence of ten loans – made in a desperate struggle to keep up with loans that are due. It is much like getting into a taxi for a ride across town and finding yourself in a ruinous journey across the

Apr 30 2016

Consumers deserve to know before they owe, with clear, upfront information about the prices, risks and terms of the

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