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A collection of news and information related to Richard Cordray published by this site and its partners.
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Federal regulators probing real estate kickback schemes
WASHINGTON — A settlement between the federal Consumer Financial Protection Bureau and a Texas home builder is drawing renewed attention to a controversial issue that was prominent during the years preceding the housing bubble: kickbacks in home...Tags: Mortgages, The Washington Post, Finance, House Building, Economy, Business and Finance
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Kickbacks as 'a natural part of business' at Fannie Mae alleged
Before dawn one hazy March day in L.A., Armando Granillo pulled his SUV into a Starbucks near MacArthur Park, where he planned to pick up an envelope full of cash from an Arizona real estate broker, federal investigators say. Granillo, a foreclosure...
Tags: Mortgages, Financial and Business Services, Lobbying, Finance, Economy, Business and Finance
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Local lenders say U.S. 'qualified mortgage' rules go too far
Even as federal regulators recently cracked down on loose mortgage lending, they hoped that credit unions and community banks would serve as a haven for marginal borrowers. Such neighborhood institutions know their customers, the theory goes, so they...
Tags: Mortgages, Financial and Business Services, Justice System, Finance, Banking
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Reid to delay Senate votes on most Obama nominees until July
WASHINGTON — Senate Majority Leader Harry Reid said Tuesday that he will delay votes on several of President Obama’s nominees for key posts until July, a decision raising the prospect that he’ll seek further changes to Senate rules...Tags: Barack Obama, Career and Workplace, Harry Reid, Immigration, Gina McCarthy
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Nuking the filibuster
In requiring the U.S. Senate to confirm presidential appointments, the Constitution aims to ensure a second level of scrutiny of the qualifications of government officials. But Senate Republicans have hijacked the confirmation process, not only to...
Tags: Barack Obama, Parties and Movements, Career and Workplace, Harry Reid, Elections
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Lenders venturing back into subprime market
Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway. After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking — a subprime loan. The...
Tags: Mortgages, Homes, Financial and Business Services, Finance, Economy, Business and Finance
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House chairman bars consumer bureau chief from testifying
WASHINGTON -- The head of the Consumer Financial Protection Bureau will deliver his semi-annual report to the Senate Banking Committee on Tuesday morning, but he's not welcome to do the same before a House panel. House Financial Services Committee...
Tags: Maxine Waters, Career and Workplace, Financial and Business Services, Finance, Economy, Business and Finance
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Agency wants more rules governing financial advisors for seniors
WASHINGTON -- Older Americans can be confused by dozens of special designations for financial advisors for seniors, and government officials should set strict standards for training and conduct to prevent abuses, according to a federal report released...
Tags: Financial and Business Services, U.S. Consumer Financial Protection Bureau, U.S. Securities and Exchange Commission, Personal Finance, Consumers
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Feds fine four mortgage insurers $15 million for alleged kickbacks
WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them. The fines, which...
Tags: Mortgages, Finance, Economy, Business and Finance, Fines, Consumers
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Senate panel approves Obama nominees to head SEC, consumer bureau
WASHINGTON — A Senate committee on Tuesday overwhelmingly approved Mary Jo White's nomination to head the Securities and Exchange Commission, clearing the way for the former federal prosecutor to be confirmed soon as Wall Street's top watchdog....
Tags: Goldman Sachs Group, Inc., Justice System, Rajat Gupta, Mike Crapo, Consumers
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Top House lawmaker questions validity of consumer bureau funding
WASHINGTON -- A top House lawmaker is questioning the validity of the Consumer Financial Protection Bureau's funding, arguing that a recent court decision invalidating some of President Obama's recess appointments could make it unlawful for the agency's...
Tags: Barack Obama, Career and Workplace, Justice System, Finance, Economy, Business and Finance
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Elizabeth Warren's first grilling of regulators is a YouTube hit
WASHINGTON — Sen. Elizabeth Warren (D-Mass.), a darling of liberals who has been mentioned as a potential 2016 presidential contender, had kept a deliberately low profile since her election in November. In less than five minutes last week,...
Tags: Barack Obama, Justice System, Finance, Economy, Business and Finance, $700 Billion Bank Bailout (2008)
May 31, 2013
|Story| Los Angeles Times
May 27, 2013
|Story| Los Angeles Times
May 27, 2013
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May 21, 2013
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May 15, 2013
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Apr 27, 2013
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Apr 23, 2013
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Apr 18, 2013
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Apr 4, 2013
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Mar 19, 2013
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Mar 12, 2013
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Feb 18, 2013
|Story| Los Angeles Times
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