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Richard Cordray

Type: Person

Name: Richard Cordray

First reported 5 hours ago - Updated 5 hours ago - 1 reports

Cordray encourages businesses to provide financial education programs for employees

American consumers are not well equipped to fight through the complexity of the financial marketplace to make sound and sensible decisions, according to Richard Cordray, director of the Consumer Financial Protection Bureau.Cordray made the statement during ... [Published BankCreditNews.com - 5 hours ago]

Entities: Richard Cordray, Consumer Financial Protection Bureau, Education

First reported 20 hours ago - Updated 7 hours ago - 1 reports

Ben Bernanke

This week: Bernanke takes center stage

The financial word is on edge ahead of this week’s meeting of policymakers at the Federal Reserve.$ Traders will be closely watching Wednesday’s policy update from the central bank for any clues as to when the Fed might end its unprecedented stimulus ... [Published The Hill - 20 hours ago]

Entities: Consumer Financial Protection Bureau, Ben Bernanke, Richard Cordray

First reported 16 hours ago - Updated 16 hours ago - 1 reports

Take This Class and Avoid Scams

Caregivers, community groups and others worried about the financial well-being of their older constituents should consider using a new instruction tool developed by the federal government to teach seniors and their caregivers how to avoid financial e ... [Published FOXBusiness.com - 16 hours ago]

Entities: Scam, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation

First reported Jun 15 2013 - Updated Jun 15 2013 - 1 reports

Opting in can be costly

Posted: 6 am ETA new report from the Consumer Financial Protection Bureau, or CFPB, adds more weight to concerns about the cost to consumers of bank and credit union overdraft protection services.The report found that large financial institutions had ... [Published Bankrate.com - Jun 15 2013]

Entities: Consumer Financial Protection Bureau, Richard Cordray, Credit Unions

First reported Jun 14 2013 - Updated Jun 15 2013 - 1 reports

Federal Deposit Insurance Corporation

CFPB announces new program to stop elder financial exploitation

The Consumer Financial Protection Bureau launched a new financial education resource this week aimed at aiding seniors and their families in preventing the growing crime of elder financial exploitation.“Money Smart for Older Adults,” launched in conjunction ... [Published BankCreditNews.com - Jun 14 2013]

Entities: Consumer Financial Protection Bureau, Richard Cordray, Federal Deposit Insurance Corporation

First reported Jun 14 2013 - Updated Jun 14 2013 - 1 reports

CFPB's Cordray on Financial Education, Regulation

June 14 (Bloomberg) -- Richard Cordray, director of the Consumer Financial Protection Bureau, talks about the need to promote financial education in the U.S. Cordray speaks with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg Television's ... [Published BusinessWeek - Jun 14 2013]

Entities: Richard Cordray, Education, Trish Regan, Clinton Global Initiative

First reported Jun 14 2013 - Updated Jun 14 2013 - 1 reports

Government Bureau Fixates on Dealers

Advertisement Richard Cordray, the head of the Consumer Financial Protection Bureau, is making it clear he and his federal agency do not care for dealerships and their financing practices.He believes his agency not only oversees auto lending, but dictates ... [Published Wards Auto.com - Jun 14 2013]

Entities: Consumer Financial Protection Bureau, Richard Cordray, Equal Credit Opportunity Act

First reported Jun 13 2013 - Updated Jun 13 2013 - 1 reports

CFPB’s Cordray announces follow-up research for overdraft protection report

Consumer Financial Protection Bureau Director Richard Cordray said a new report released on Tuesday raises concerns about the ability of consumers to anticipate and avoid overdraft charges.The recent CFPB report revealed the country’s larger financial ... [Published BankCreditNews.com - Jun 13 2013]

Entities: Consumer Financial Protection Bureau, Richard Cordray, Debit Card

First reported Jun 12 2013 - Updated Jun 13 2013 - 3 reports

Program alerts seniors to financial scams

E-NewslettersRSS FeedsMobile Text AlertsIt may be the closest thing to a bit part in a Harold & Kumar Go to White Castle-like movie that most of us will ever see: A grand prize appearanc...The E-Edition includes all of the news, comics, classifieds and ... [Published Columbus Dispatch - Jun 13 2013]

Entities: Scam, Richard Cordray, Federal Deposit Insurance Corporation

First reported Jun 12 2013 - Updated Jun 12 2013 - 2 reports

Overdraft Protection May Do More Harm Than Good

Think overdraft programs are a good thing? Think again. A new report from the Consumer Financial Protection Bureau found that consumers who opt into overdraft coverage are likely to pay more fees and still have their accounts closed. "What is often marketed ... [Published CRMBuyer.com - Jun 12 2013]

Entities: Consumer Financial Protection Bureau, David Johnson, Richard Cordray

First reported Jun 11 2013 - Updated Jun 12 2013 - 3 reports

NEW: CFPB Overdraft Report Out: Study Will Continue

WASHINGTON (6/11/13, UPDATED 11:27 a.m. ET)--Consumer Financial Protection Bureau Director Richard Cordray states clearly in the bureau's report on financial institutions' overdraft programs, released at midnight, that the bureau does not intend to impede ... [Published CUNA News Now - Jun 12 2013]

Entities: Consumer Financial Protection Bureau, Credit Unions, Richard Cordray

First reported Jun 11 2013 - Updated Jun 11 2013 - 9 reports

Signing Up For Your Bank's Overdraft Protection Plan Could Do More Harm Than Good

The Consumer Financial Protection Bureau released a white paper today on the impact of overdraft and non-sufficient funds (NSF) fees on the average bank account holder.The report is the result of an examination the CFPB announced in February 2012 , and ... [Published Business Insider - Jun 11 2013]

Entities: Consumer Financial Protection Bureau, Richard Cordray, Carolyn Maloney, Request For Information, Credit Card

Quotes

...- a total of $15.4 million for alleged illegal kickbacks to lenders. The under-the-table payments, said CFPB Director Richard Cordray, "inflat[ed] the financial burden of home-ownership for consumers" by raising their mortgage premium charges. The firms admitted no wrongdoing as part of their settlements

The Nation's Housing: Are kickbacks making a comeback? [Published TheDay.com - Jun 17 2013]

"a college degree has the potential to become more of a burden than a blessing for those saddled with unmanageable debt in a tough employment market" said Richard Cordray, director of the Consumer Financial Protection Bureau, in a speech in May

Students whose lives were ruined by debt [Published Yahoo! News - Jun 15 2013]

"what is often marketed as overdraft protection may actually be putting consumers at greater risk of harm" Cordray said

Opting in can be costly [Published Bankrate.com - Jun 15 2013]

"you've clearly made a difference not only here but in cities across the country that have replicated your program for its citizens" said Richard Cordray of the Consumer Financial Protection Bureau

Philadelphia program saves 5,755 homes in 5 years [Published WPVI Philadelphia - Jun 12 2013]

More Content

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Cordray encourages businesses to provide financ... [Published BankCreditNews.com - 5 hours ago]
House Financial Services Committee to hold hear... [Published JD Supra - 6 hours ago]
OVERNIGHT MONEY: Spending bills on the move [Published The Hill - 7 hours ago]
Take This Class and Avoid Scams [Published FOXBusiness.com - 16 hours ago]
This week: Bernanke takes center stage [Published The Hill - 20 hours ago]
The Nation's Housing: Are kickbacks making a co... [Published TheDay.com - Jun 17 2013]
Bank overdraft fees can harm consumers [Published Chicago Daily Herald - Jun 17 2013]
Students whose lives were ruined by debt [Published Yahoo! News - Jun 15 2013]
Are kickbacks beginning to come back? [Published Providence Business News - Jun 15 2013]
Opting in can be costly [Published Bankrate.com - Jun 15 2013]
CFPB announces new program to stop elder financ... [Published BankCreditNews.com - Jun 14 2013]
CFPB's Cordray on Financial Education, Regulation [Published BusinessWeek - Jun 14 2013]
Revolving door in full swing at new consumer bu... [Published The Hill - Jun 14 2013]
Senior credentials in regulatory spotlight…again [Published LifeHealthPro - Jun 14 2013]
NAR Testifies on QM; Ocwen Servicing Deal; CFPB... [Published MortgageNewsDaily - Jun 14 2013]
Government Bureau Fixates on Dealers [Published Wards Auto.com - Jun 14 2013]
2014 Gubernatorial Races: An Early Take- Part 5 [Published Redstate - Jun 14 2013]
Have a complaint about a loan or financial prod... [Published Citizen Action/Illinois - Jun 14 2013]
CFPB’s Cordray announces follow-up research for... [Published BankCreditNews.com - Jun 13 2013]
College costs: Few West Michigan schools adopt ... [Published Grand Rapids Press - Jun 13 2013]
Program alerts seniors to financial scams [Published Columbus Dispatch - Jun 13 2013]
You Wouldn't Believe Bank of America's Latest Scam [Published RINF.com - Jun 13 2013]
CFPB report indicates overdraft costs may be av... [Published BankCreditNews.com - Jun 13 2013]
CFPB Expands Information Available in its Consu... [Published JD Supra - Jun 13 2013]
Take this class and avoid scams [Published Bankrate.com - Jun 12 2013]
Philadelphia program saves 5,755 homes in 5 years [Published WPVI Philadelphia - Jun 12 2013]
FDIC, consumer watchdog launch tool for elderly... [Published The Hill - Jun 12 2013]
Why consumers pay when Washington cracks down o... [Published Fortune - Jun 12 2013]
EDITORIAL: Housing market may be on the way to ... [Published Individual.com - Jun 12 2013]
Overdraft Protection May Do More Harm Than Good [Published CRMBuyer.com - Jun 12 2013]

Blogs

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Overdraft Protection May Do More Harm Than Good [Published CRM Buyer - Jun 12 2013] Overdraft costs on consumer checking accounts vary widely across financial institutions and often result in more costs and more involuntary account closures for consumers who opt into such coverage, the Consumer Financial Protection Bureau reported on ...
Banks Rake In Overdraft Fees, Report Finds [Published AdBanks.net - Jun 12 2013] Overdraft penalties represent well over half of banks’ fees from consumer checking accounts, a new report from the Consumer Financial Protection Bureau finds. The report, based in part on confidential data provided by some of the nation’s larger banks, ...
Attack of the Killer Algorithms Continues [Published Daily Kos - Jun 11 2013] If you read here often enough I talk about privacy and technology quite a bit and in view of the recent NSA issues, you might want to read up here and see what someone else besides me with a full line of credibility as a Quant and Mathematician has to ...
CFPB: Bank Customers Leaking $225 In Overdraft ... [Published The Consumerist - Jun 11 2013] ( frankieleon ) Why is your bank account leaking so much money ever year? Where does it all go? Checking account customers are bleeding funds to the tune of about $225 per year on average, the Consumer Financial Protection Bureau says in a new study. ...
Congress: 'War on women' re-emerges? [Published First Read - Jun 06 2013] Politico : “Not every Republican learned Todd Akin’s lesson from 2012 – and Democrats noticed. This week alone: Sen. Saxby Chambliss blamed sexual assaults in the military on hormones, conservative pundit Erick Erickson credited biology for male dominance ...

Audio/Video

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Chairman Hensarling: Committee Will Follow the ... [Published Committee on Financial Services GOP - YouTube C ... - Apr 26 2013]
Crapo to Cordray: Will you help make structural... [Published Senator Mike Crapo - YouTube Channel - Mar 12 2013]
Crapo: CFPB should function more like the SEC [Published Senator Mike Crapo - YouTube Channel - Mar 12 2013]
Weekly Address: Two Nominees Who Will Fight for... [Published The White House - YouTube - Jan 26 2013]
Obama vs. Pesky Fly: The Smackdown [Published WSJ.com Video - News - Jan 25 2013]

Press Releases

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U.S. Consumer Financial Protection Bureau Direc... [Published Financial Services - Apr 17 2013]
CRL: Cordray's Renomination Is Good News [Published CisionWire - English - Jan 24 2013]