Richard Cordray

Medical debt is different. Typically when consumers borrow money, they can consider how much they’ll owe, shop around for the best interest rate, and usually have at least a little breathing room to reassess whether the goods or services they want to purchase are worth going into debt for in the...
Three years ago today the US Consumer Financial Protection Bureau opened its doors. It was a new government agency produced by the Dodd-Frank Act: part of Congress’ attempt to address the rampant misconduct by banks, mortgage lenders, ratings agencies and other financial institutions that brought...
The credit reporting industry has a profound and growing impact on Americans' economic lives—from whether you can rent an apartment to how much your car loan costs to whether you get hired for a job—yet the entire system falls dangerously short on basic goals of fairness and accuracy. That was the...
This morning the Senate Banking Committee will hold a hearing on the nomination of Richard Corday  to lead the Consumer Financial Protection Bureau. On the merits, Cordray should breeze through.  The politics, however, are destined to be thornier. Nobody questions that Richard Cordray,...
What's wrong credit card companies? Here is an industry that has been repeatedly chastised and penalized for all sorts of bad behavior -- an industry that abused its customers so badly for so long, with hidden fees and usurious interest rates, that one of the first things Democrats did when they...
College students today take on more debt than ever with fewer prospects of paying that money back. The Federal Reserve Bank of New York reported that 27 percent of education borrowers have past due balances. This stems from a few causes. For starters, average college tuition has more than doubled...
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