Richard Cordray: “My stance on online lending, as with all lending, is that it should be done legally; it should be done by folks who are…”

On top of the historic debt that we have pushed upon tens of millions of Americans, they face a financial marketplace that is littered with predatory players.

[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.

The U.S. Supreme Court last June reaffirmed that disparate impact discrimination is the law of the land.

Anything less than that is an abdication of the Director's responsibility to the Bureau and its employees.