Confusion Reigns as ‘a Wrecking Ball’ Hits the Consumer Bureau
Since the acting director of the Consumer Financial Protection Bureau issued stop-work orders, employees have been trying to ...
Dismantling the CFPB would turn the consumer finance world into the 'wild, wild west,' its former director says
Richard Cordray, the first director of the CFPB, told BI that Elon Musk's call to dismantle the agency is a 'direct conflict ...
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Richard Cordray to step down from job overseeing $1.6 trillion in federal student loans
Richard Corday is stepping down as the chief ... that oversees the nation’s $1.6 trillion student-loan portfolio. Cordray, who started his tenure just months into the Biden administration ...
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Elizabeth Warren’s ‘consumer watchdog’ hounded legit businesses — time to shut it down
Under Barack Obama and Joe Biden, the CFPB was closer to a progressive vigilante shakedown shop than a government regulator.
Delays and government errors: How college financial aid became such a hot mess
The botched rollout of a new FAFSA form for students and families to apply for federal financial aid has caused colleges to ...
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Lessons of the Great Recession
Richard Cordray, the first director of the Consumer Financial Protection Bureau and former Ohio Attorney General, is serving as Jerome Lyle Rappaport Distinguished Visiting Professor at Boston College ...
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Trump Can’t ‘Delete’ This Consumer Watchdog. He Could Kneecap It, Though.
In early 2018, he withdrew from a lawsuit against payday lenders filed in Kansas by his predecessor Richard Cordray. After the agency went on to scale back regulation of student loan companies ...
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It's Canceled: Students at The Art Institutes Receive Debt Relief
“The Art Institutes preyed on the hopes of students attempting to better their lives through education,” said Federal Student Aid Chief Operating Officer Richard Cordray. “We cannot replace ...