Richard Cordray

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Last quote by Richard Cordray

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 lives.feedback
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May 11 2017
We found 27 articles in which Richard Cordray said something. The most recent Richard Cordray’s quote is: “The consumer bureau has uncovered substantial evidence that Ocwen engaged in unfair and deceptive practices.”. In addition, all sources we refer have quoted Richard Cordray 32 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Mortgage servicers can't hide behind their bad computer systems or outdated technology.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

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

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

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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