Richard Cordray: “Credit reporting is an important element in promoting access to credit that a consumer can afford to repay.”

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.

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.

The fastest growing segment of student loan borrowers is actually older Americans.

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.