Items Tagged with 'Richard Cordray'

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Is the CFPB in dire need of a new direction?

Which could mean a new director
Readers don’t have to go any further than HousingWire’s search function to see the constant dialogue around the uncertain future of the Consumer Financial Protection Bureau. Regulation is king in mortgage finance, and right now the No. 1 industry watchdog is in limbo as the court and government try to overhaul its future. So where does this leave people in mortgage finance? These four CFPB and regulation experts have the answers.
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Former CFPB enforcement attorney: "Publicity potential" guided many regulatory actions

Department of External Affairs wields influence similar to political entities
Democrats are racing against the clock to defend the embattled Consumer Financial Protection Bureau, which has a growing pile of government and judicial scenarios at play trying to overhaul it or abolish it altogether. But maybe the only way for CFPB Director to save the bureau is to resign, at least that’s what one former CFPB enforcement attorney argues.
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Ballard Spahr: 8 questions we wish CFPB Director Cordray would answer

What if President Donald Trump tries to fire you?
An interview with Consumer Financial Protection Bureau Director Richard Cordray doesn’t come around often. To him, the future of the bureau lies in the hands of government officials, as his daily job remains to protect consumers. However, after a recent interview shed light on some of Cordray’s thoughts, it only left more questions.
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CFPB Director Richard Cordray speaks out about his controversial role

"The independence of a consumer watchdog is very much worth fighting for"
As the country battles over the constitutionality of the consumer watchdog agency created after the financial crisis to protect consumers, the man sitting at the top of the agency simply carries on with his day-to-day responsibilities. Consumer Financial Protection Bureau Director Richard Cordray finally voiced his thoughts on the controversy surrounding his job and agency on CNBC.com's Speakeasy with John Harwood.
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From HW Magazine

HOT or NOT: What is trending in housing right now?

Cordray, Dodd-Frank and GSE conservatorship
President Donald Trump issued an executive order to roll back the Dodd-Frank Wall Street Reform Act, but it doesn’t do much by itself. The core principles in the executive order should simply be viewed as a policy placeholder for the re-thinking of Dodd-Frank, in terms of both potential legislative and regulatory changes.
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What will come first: July 2018 or new plans for the CFPB?

Expert attorney on the mostly likely process going forward
The U.S. Court of Appeals for the District of Columbia Circuit finally ruled on the landmark case between the Consumer Financial Projection Bureau and PHH in favor of the CFPB. The decision significantly lengthens the timeline for knowing the fate of the bureau and its director, Richard Cordray. So what’s likely to happen now? Alan Kaplinsky, partner and leader of Ballard Spahr’s Consumer Financial Services Group, explains what he thinks will happen.
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Fire CFPB director? Cordray responds to calls for his head

Bureau still trucking along
Consumer Financial Protection Bureau Director Richard Cordray is caught in the crosshairs of one of the biggest battles in Congress, as Democrats run to his aid and Republicans tear him and his agency apart. But despite all this quickly growing controversy, Cordray appears to be conducting business as usual.
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Here’s the easiest way for Trump to fire CFPB Director Cordray

Would only need to issue one order
The fight continues for CFPB Director Richard Cordray’s job. While Democrats stand behind him, insisting he won’t leave quietly, Republicans call for his termination. As it turns out, there may be one very simple way that the administration could fire the director under full protection of the constitution, and it would only require one presidential order.
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[Video] Hensarling to President Trump: Fire CFPB Director Cordray ASAP

The move would be a step in the right direction
Calls to fire Consumer Financial Protection Bureau Director Richard Cordray strengthened after President Donald Trump signed an executive order last Friday to roll back the Dodd-Frank Wall Street Reform Act. To the House Financial Services Committee Chairman, firing Cordray would be a huge step in the right direction.
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