Richard Cordray

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Last quote by Richard Cordray

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 forgiveness.feedback
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Jun 22 2017
We found 28 articles in which Richard Cordray said something. The most recent Richard Cordray’s quote is: “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 ways.”. In addition, all sources we refer have quoted Richard Cordray 34 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

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 paperwork.feedback

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 'Overdraft.feedback

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 service.feedback

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 owe.feedback

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 member.feedback

Jan 03 2017

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

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 land.feedback

Oct 04 2016

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

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 bank.feedback

Sep 12 2016

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

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 deserve.feedback

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 consequences.feedback

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 carefully.feedback

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 upon.feedback

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 pets.feedback

Jul 28 2016

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

Jul 05 2016

Standing up for consumers is a full time job.feedback

Jul 05 2016

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

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 credit.feedback

Jun 22 2016

Mortgage servicers can't hide behind their bad computer systems or outdated technology.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

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 fail.feedback

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 country.feedback

Apr 30 2016

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

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