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.
Cordray discusses the impact of irresponsible lending on the mortgage market.
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Through fair rules, consistent oversight, appropriate enforcement of the law, and broad-based consumer engagement, the Bureau is helping to restore American families' trust in consumer financial markets.
That is the law we are required to enforce. We will enforce it vigorously, and we believe to root out discrimination, which nobody supports, in any of these markets.
The U.S. Supreme Court last June reaffirmed that disparate impact discrimination is the law of the land.
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…