Richard Cordray: “We must all hang together or, most assuredly, we will hang separately.”

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.

[a]rbitration clauses, as they are used today both in the field of consumer finance and more generally, often have been deliberately designed to block Americans from effective means of vindicating their rights.

I know that everyone agrees that discrimination has no place in our economy.

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