Richard Cordray

We do not want to dry up access to credit, and maintaining that balance is quite important.

We also want to make sure that when a consumer goes in to get a loan to buy a car that they are not unwittingly being forced to pay more based on assumptions made about their racial or ethnic background.

We have to oversee the financial institution. We have to be able to understand the pattern of how they treat their customers.

We want the lenders to be lending in the mortgage market, and the housing recovery, which is well under way, to continue.

Look, I understand that you want to make a speech and I appreciate that, but there is no comparison between the NSA and the CFPB.

My stance on online lending, as with all lending, is that it should be done legally; it should be done by folks who are licensed and qualified to do it.

We need to make sure that some of the abuses that did occur... occurred in the subprime market, that those don't recur again.

The mere notion that some legal scholars dispute the legitimacy of Director Cordray's appointment does not make it legally invalid.

Credit reporting is an important element in promoting access to credit that a consumer can afford to repay.

It is a tragedy in this country that we would not consciously teach young people how to handle themselves when they go out in the world.

We have to teach people and make available to them the tools so that they can learn more about how to handle their personal finances.

Nobody is so high and mighty that they are above the law, and nobody is so undistinguished that the law does not apply to them equally with everyone else.