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 has reaffirmed is the law of the land.
Cordray defends his approach to consumer relief despite disagreement.
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More from Richard Cordray
The fastest growing segment of student loan borrowers is actually older Americans.
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.
Disparate impact has been the law of the land for decades. It has been reaffirmed by the Supreme Court.
To have a place to turn to, to come to this Consumer Bureau, to say the complaint in their own voice, and to make sure we will work with the company to try to get it fixed and they can get relief in many instances, that is really important…