Richard Cordray: “I want to be clear about one thing. We recognize there is a need and demand in this country for emergency credit.”

I think Congress legislated that limitation to protect service members against being exploited while they are trying to protect and defend our country.

We enforce the Equal Credit Opportunity Act. We work with the Justice Department on those matters.

Disparate impact has been the law of the land for decades. It has been reaffirmed by the Supreme Court.

Military families make enormous sacrifices for our Nation and deserve to be protected from those who would take advantage of them.