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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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    May 21, 2013 |Story| Los Angeles Times

  1. 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, Gina McCarthy, U.S. Environmental Protection Agency, Work Relations, U.S. Consumer Financial Protection Bureau

    2. May 15, 2013 |Story| Los Angeles Times

  2. 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 thwart individual nominees but to undermine laws they don't agree with. If they continue in their obstructionism, Senate Majority Leader Harry Reid (D-Nev.) should revisit the possibility of doing away with the filibuster for nominations.
    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: Crime, Law and Justice, Barack Obama, U.S. Senate, Work Relations, U.S. Consumer Financial Protection Bureau

    3. Apr 27, 2013 |Story| Los Angeles Times

  3. Lenders venturing back into subprime market

    Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway.
    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: U.S. Consumer Financial Protection Bureau, Homes, Housing and Urban Planning, Economy, Business and Finance, Loans

    4. Apr 23, 2013 |Story| Los Angeles Times

  4. Republicans intensify pressure to limit powers of consumer agency

    WASHINGTON — Republicans have stepped up their pressure to limit the wide-ranging powers of the nation's watchdog over consumers' money matters.
    WASHINGTON — Republicans have stepped up their pressure to limit the wide-ranging powers of the nation's watchdog over consumers' money matters. The head of a key House committee overseeing the Consumer Financial Protection Bureau said he would no...

    Tags: Barack Obama, U.S. Senate, Maxine Waters, U.S. Consumer Financial Protection Bureau, Federal Reserve

    5. Apr 23, 2013 |Story| Los Angeles Times

  5. Payday loans trap people in a cycle of debt, U.S. watchdog says

    Payday loans often trap consumers in a cycle of debt, a new report by the federal government finds.
    Payday loans often trap consumers in a cycle of debt, a new report by the federal government finds. The Consumer Financial Protection Bureau found that the average consumer took out 11 loans during a 12-month period, paying a total of $574 in fees...

    Tags: Community Financial Corporation, Finance, U.S. Consumer Financial Protection Bureau, Economy, Business and Finance, Consumers

    6. Apr 23, 2013 |Story| Los Angeles Times

  6. 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.
    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: Crime, Law and Justice, U.S. Senate, Work Relations, Maxine Waters, U.S. Consumer Financial Protection Bureau

    7. Apr 19, 2013 |Story| Los Angeles Times

  7. Consumer agency urges standards for financial advisors to 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 new federal report.
    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 new federal report....

    Tags: U.S. Consumer Financial Protection Bureau, U.S. Securities and Exchange Commission, Financial and Business Services, Personal Finance, Consumers

    8. Apr 18, 2013 |Story| Los Angeles Times

  8. 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 Thursday.
    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: U.S. Consumer Financial Protection Bureau, U.S. Securities and Exchange Commission, Financial and Business Services, Personal Finance, Consumers

    9. Apr 4, 2013 |Story| Los Angeles Times

  9. Regulators probing alleged mortgage insurance kickback scheme

    WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s.
    WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s. The Consumer Financial Protection Bureau, in disclosing...

    Tags: Fines, Real Estate Buyers, U.S. Consumer Financial Protection Bureau, HSBC Holdings plc, Economy, Business and Finance

    10. Apr 4, 2013 |Story| Los Angeles Times

  10. 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.
    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: Fines, U.S. Consumer Financial Protection Bureau, Economy, Business and Finance, Punishment, Genworth Financial Inc

    11. Mar 19, 2013 |Story| Los Angeles Times

  11. 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.
    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: Crime, Law and Justice, U.S. Senate, Sherrod Brown, Mary Jo White, Justice System

    12. Mar 12, 2013 |Story| Los Angeles Times

  12. 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 director to seek money to pay for its operations.
    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: Crime, Law and Justice, Barack Obama, Work Relations, U.S. Consumer Financial Protection Bureau, Justice System

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Richard Cordray Photos
Richard Cordray, director of the Consumer Financial Pro...
(April 4, 2013)
Richard Cordray
Richard Cordray, nominee for director of the Consumer F...
(March 19, 2013)
Richard Cordray and Mary Jo White
President Obama introduces Richard Cordray, left, as hi...
(January 24, 2013)
President Obama with Richard Cordray
 » All 5 Richard Cordray photos