richard cordray

If you’re among the 29 million consumers who got back a portion of the $11.8 billion in bad billings by your credit card company or lender, you’re probably happy that a thing called the Consumer Financial Protection Bureau was created by former President Barack Obama nearly six years...

The Consumer Financial Protection Bureau (CFBP) took action on Monday against Ashford University and the University of the Rockies, two for-profit colleges operated by Bridgepoint Education Inc (NYSE: BPI). The CFPB is forcing Bridgepoint to pay more than $24 million as part of a settlement...

U.S. auto sales hit a record-high 17.47 million in 2015, and industry leaders Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) appear to be firing on all cylinders heading into this year’s Detroit Auto Show. However, the percentage of vehicles requiring financing has been...

In an article published Tuesday, The Wall Street Journal quoted Consumer Financial Protection Bureau director, Richard Cordray who said, in a conference call, “Overdraft services began as occasional courtesies offered by banks, but now represent more than 60 percent of fees from consumer checking...

With well over a million homes being repossessed, 2010 is shaping up to be a record year for foreclosures in the U.S. But there are serious questions about the way many have been carried out, and now prosecutors are investigating whether some of the country's largest banks committed fraud,...