Highlights
A collection of news and information related to Richard Cordray published by this site and its partners.
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Reid to delay Senate votes on most Obama nominees until July
WASHINGTON — Senate Majority Leader Harry Reid said Tuesday that he will delay votes on several of President Obama’s nominees for key posts until July, a decision raising the prospect that he’ll seek further changes to Senate rules...Tags: U.S. Environmental Protection Agency, Barack Obama, Career and Workplace, Gina McCarthy, Immigration
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Senate to hold vote on consumer watchdog director next week
Reuters(Reuters) - Senate Democratic leaders plan to hold a vote next week on President Barack Obama's choice to lead the Consumer Financial Protection Bureau, a Senate Democratic aide said on Wednesday, but they are not expected to muster enough votes to...Tags: Economy, Business and Finance, Barack Obama, Elizabeth Warren, U.S. Congress, Career and Workplace
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Nuking the filibuster
In requiring the U.S. Senate to confirm presidential appointments, the Constitution aims to ensure a second level of scrutiny of the qualifications of government officials. But Senate Republicans have hijacked the confirmation process, not only to...
Tags: Barack Obama, U.S. Congress, Career and Workplace, Republican Party, Work Relations
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Signs of grown-ups in charge
WASHINGTON -- Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision. Barack Obama used a recess...
Tags: Economy, Business and Finance, Finance, Politics, U.S. Consumer Financial Protection Bureau, Air Transportation Industry
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Column: Signs of grown-ups in charge
Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision. President Barack Obama used a recess...Tags: Economy, Business and Finance, Finance, U.S. Consumer Financial Protection Bureau, Politics, White House
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Lenders venturing back into subprime market
Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway. After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking — a subprime loan. The...
Tags: Economy, Business and Finance, Interior Policy, Money and Monetary Policy, Finance, U.S. Consumer Financial Protection Bureau
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Consumer bureau calls payday loans a trap, warns of new rules
ReutersWASHINGTON (Reuters) - The U.S. consumer watchdog said high-cost, short-term loans often trap borrowers in a cycle of debt, warning in a report on Wednesday that new rules could be on the way for payday lenders and banks making similar loans. The...Tags: Economy, Business and Finance, U.S. Bancorp, Credit and Debt, Finance, U.S. Consumer Financial Protection Bureau
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Republicans intensify pressure to limit powers of consumer agency
WASHINGTON — Republicans have stepped up their pressure to limit the wide-ranging powers of the nation's watchdog over consumers' money matters. The head of a key House committee overseeing the Consumer Financial Protection Bureau said he would no...
Tags: Economy, Business and Finance, Elizabeth Warren, Credit and Debt, Career and Workplace, Finance
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Payday loans trap people in a cycle of debt, U.S. watchdog says
Payday loans often trap consumers in a cycle of debt, a new report by the federal government finds. The Consumer Financial Protection Bureau found that the average consumer took out 11 loans during a 12-month period, paying a total of $574 in fees...Tags: Economy, Business and Finance, Finance, U.S. Consumer Financial Protection Bureau, Consumers, Community Financial Corporation
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US consumer bureau calls payday loans a trap, warns of new rules
ReutersWASHINGTON, April 24 (Reuters) - The U.S. consumer watchdog said high-cost, short-term loans often trap borrowers in a cycle of debt, warning in a report on Wednesday that new rules could be on the way for payday lenders and banks making similar loans....Tags: Economy, Business and Finance, Credit and Debt, U.S. Bancorp, Finance, U.S. Consumer Financial Protection Bureau
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House chairman bars consumer bureau chief from testifying
WASHINGTON -- The head of the Consumer Financial Protection Bureau will deliver his semi-annual report to the Senate Banking Committee on Tuesday morning, but he's not welcome to do the same before a House panel. House Financial Services Committee...
Tags: Economy, Business and Finance, Finance, U.S. Congress, Career and Workplace, Maxine Waters
May 21, 2013
|Story| Los Angeles Times
May 17, 2013
| South Florida Sun-Sentinel
May 15, 2013
|Story| Reuters
May 15, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Orlando Sentinel
Apr 28, 2013
|Story| Aberdeen News
Apr 27, 2013
|Story| Los Angeles Times
Apr 24, 2013
|Story| Reuters
Apr 23, 2013
|Story| Los Angeles Times
Apr 23, 2013
|Story| Los Angeles Times
Apr 23, 2013
|Story| Reuters
Apr 23, 2013
|Story| Los Angeles Times
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