Richard Cordray: “Our job is to carry out the laws that Congress has enacted and protect consumers in the marketplace.”

The changes that are being made here that the Secretary announced...are going to result in the numbers of people receiving public service loan forgiveness...into the tens of thousands.

That is an execrable practice. It is against the law. We have taken strong enforcement actions against it.

I stand by and believe this was a reasonable approach to how to get relief to hundreds of thousands of consumers who were discriminated against under the disparate impact theory that I know some people disagree with, but the Supreme Court…

I remain committed to ensuring the OCC completes its review of this matter and takes additional actions to hold the bank and individuals accountable as warranted.