Richard Cordray: “It seems to me that minority rights are very important, but that does not nullify majority rights as elected by the…”

Congress clearly indicated its purpose, to protect servicemembers in this area, and the rules did not get that job done.

We had known about these types of problems from our own sources, but if any institution feels that they can divide and conquer among the regulators, they should know that that is a mistake.

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.

the irresponsible lending that precipitated the crisis and blew up the mortgage market and blew up the economy pushed most lending now to GSEs and eliminated, destroyed the secondary financing market, which has not yet recovered.