Richard Cordray

Legal clash looms over CFPB leadership

11/24/17

There is a possibility that there could soon be two individuals declaring themselves the rightful leader of the Consumer Financial Protection Bureau.

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Cordray out at CFPB, names own acting successor

11/24/17

CFPB Director Richard Cordray abruptly announced Friday that he would leave at the end of the day, giving the reins of the agency to a new deputy director.

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CFPB’s constitutionality question doesn’t end with Cordray’s departure

11/22/17

The outcome of a case testing the president's power to fire a CFPB director will come too late to impact Richard Cordray, but may affect President Trump's interim and final picks to lead the agency.

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CFPB orders Citi to pay $6.5M for student loan failures

11/21/17

The Consumer Financial Protection Bureau on Tuesday ordered Citibank to pay $6.5 million in consumer relief and penalties for student loan servicing failures.

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Cordray urges CEOs to give consumers more control over payments, cards

11/21/17

A week before he is due to resign, CFPB Director Richard Cordray sent a letter to 29 CEOs at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.

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What’s next for CFPB after Cordray leaves?

11/21/17

When CFPB Director Cordray resigns in two weeks, will the agency grind to a halt? Kate Berry reports on the embattled agency.

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CFPB takes $1.1M enforcement action against Xerox

11/20/17

The Consumer Financial Protection Bureau settled a $1.1 million enforcement action on Monday with Xerox Business Services, alleging that its software misreported borrower information to credit reporting agencies.

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‘Good riddance’: Comments of the week

11/16/17

Readers weigh in on the departure of Richard Cordray, debate whether online lenders are akin to subprime lenders, offer praise of a community banker, and more.

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OMB chief Mulvaney could be temporary CFPB boss

11/16/17

Mick Mulvaney, President Trump’s Office of Management and Budget director, is being considered for interim director of the consumer watchdog after Richard Cordray steps down and until a permanent pick is confirmed.

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Cordray resigns; OCC becoming banks' best friend?

11/16/17

CFPB director’s departure gives President Trump the chance to revamp the agency; the bank regulator is reverting to its industry-friendly ways.

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