Richard Cordray
Connections
Quotes
What is marketed as overdraft protection can, in some instances, put consumers at greater risk of harm.
This makes it very difficult for consumers to understand, anticipate, and avoid costs
Consumers need to anticipate and avoid unnecessary fees on their checking accounts ... But we are concerned that some overdraft practices may increase consumer costs beyond reasonable expectations.More quotes »
Around the web
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Unprotected: Experts weigh impact of overdraft fee regulations
The Senate’s looming vote on Richard Cordray’s nomination to head the Consumer Financial Protection Bureau has renewed a debate over possible new regulations of bank overdraft fees. Cordray recently argued that bank overdraft policies leave “consumers mo 6/19/13 from The Daily Caller Read more »
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Why consumers pay when Washington cracks down on bank fees
FORTUNE – By solving one problem, U.S. financial regulators may have unknowingly created others they may need to tackle. On Tuesday, a government agency tapped to be the voice of consumers criticized U.S. banks for a range of practices, from confusing ru from CNN/Money Read more »
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Democracy on trial in Senate
With battles ahead over President Barack Obama’s choices for secretary of labor, Environmental Protection Agency administrator, Consumer Financial Protection Bureau director and the National Labor Relations Board — and with fights over the nation’s secon from The Politico Read more »
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Consumer protection bureau is under attack, but working
Senate has delayed confirmation of agency head Richard Cordray for more than a yearA new rule will require lenders to ensure that prospective borrowers can afford mortgage paymentsThe agency offers electronic access to some of consumers' most common fina from USA Today Read more »
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Kickbacks alleged to be common at Fannie Mae
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 spec from The Bellingham Herald Read more »
