Richard Cordray: “We have to oversee the financial institution. We have to be able to understand the pattern of how they treat their…”

The notion that we are somehow going to take information and use it for political campaigns is deeply offensive.

If there were a basis for doing so, I would do so. But I am not going to scapegoat people just to satisfy you or anyone else.

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.

I don't believe in a scorched-earth approach.