That is an execrable practice. It is against the law. We have taken strong enforcement actions against it.
Richard Cordray: “That is an execrable practice. It is against the law. We have taken strong enforcement actions against it.”
Editor's note · Context
Cordray condemns threats made by debt collectors against servicemembers.
Share
More from Richard Cordray
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.
The Consumer Financial Protection Bureau is the Nation's first Federal agency with the sole focus of protecting consumers in the financial marketplace.
I think we are just trying to put consumers in a position so they can make choices that they won't regret later, so that they can know what they really would want to know at the time.