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Tag Archives: Richard Cordray

The Cost of Regulation

Here’s what an official name change of the CFPB to the Bureau of Consumer Financial Protection is likely to cost the agency and the industry.

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Industry Reacts to Cordray Resignation

Richard Cordray, the Obama-appointed director of the Consumer Financial Protection Bureau (CFPB), announced his resignation—stating that he will step down before the end of the month. Cordray officially ...

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Cordray Addresses Income Inequalities

While many enjoyed their Labor Day Monday, Consumer Financial Protection Bureau Director Richard Cordray attended the American Federation of Labor and Congress of Industrial Organizations Labor Day Picnic to discuss three forms of financial inequality deepening the divide between those trying to stretch their dollar and the wealthy.

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CFPB Wins a Battle in Ocwen Case

For going on two months, Ocwen Financial Corporation, the country’s largest nonbank mortgage loan servicer, and the Consumer Financial Protection Bureau (CFPB) have been at odds. Beginning in late April, the CFPB sued Ocwen and its subsidiaries claiming that they have been “failing borrowers at every stage of the mortgage servicing process.” Now, a federal judge has delayed Ocwen’s bid to test the constitutionality of the CFPB.

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