Richard Cordray

Trump wades into Wells Fargo saga, promising tough penalties

12/08/17

The president wrote Friday on Twitter that penalties against the San Francisco bank will be maintained, or possibly strengthened. The comments are likely to fuel a growing controversy about the independence of federal financial regulators.

[more]

The CFPB’s losing streak: A blow-by-blow

12/06/17

The agency has suffered a series of setbacks over the past two months, from a rollback of its arbitration rule to a legal battle over its leadership. Here's what happened — and where the agency might lose next.

[more]

Mulvaney's plan to embed political staffers in CFPB sparks backlash

12/05/17

Critics argue that the consumer bureau's independence is being undermined, and they worry that a precedent is being established that could hamper the autonomy of other U.S. financial regulators.

[more]

It's official: Cordray announces run for Ohio governor

12/05/17

The 2018 gubernatorial race will be watched closely both by bankers and consumer advocates to see whether Cordray's leadership of the Consumer Financial Protection Bureau becomes a campaign asset or a liability.

[more]

Cordray said to be announcing bid for Ohio governor on Tuesday

12/04/17

Richard Cordray, whose resignation as director of the Consumer Financial Protection Bureau sparked a battle over the agency's leadership, plans to announce on Tuesday he's running for Ohio governor as a Democrat.

[more]

‘Shut this excrescence down’: Comments of the week

12/01/17

Readers react to the CFPB director shake-up, applaud honorees of American Banker’s annual banker awards and weigh in on the heated financial data debate.

[more]

Dodd, Frank reunite to protest CFPB leadership change

11/30/17

The former heads of the House and Senate banking committees argued Thursday that the Dodd-Frank Act clearly intended to allow the CFPB's deputy director to serve as acting director after the full-time head of the agency departed.

[more]

Banks vs. aggregators: Who’ll budge in the data-sharing battle?

11/28/17

The CFPB's data-sharing guidance was widely applauded, but mistrust remains between banks and aggregators. Advocates want regulators to take action.

[more]

At CFPB, bitter feelings about final Cordray maneuver

11/28/17

Employees at the Consumer Financial Protection Bureau are privately questioning why outgoing director Richard Cordray abruptly tapped a 34-year-old chief of staff with no enforcement, supervisory, or legal experience to head the embattled agency after he resigned.

[more]

CFPB leadership case assigned to Trump-appointed judge

11/27/17

Leadership at the Consumer Financial Protection Bureau is expected to be resolved quickly after a federal court Monday assigned a judge appointed by President Trump to resolve a lawsuit over who will become the agency's acting director.

[more]