I think Congress legislated that limitation to protect service members against being exploited while they are trying to protect and defend our country.
Richard Cordray: “I think Congress legislated that limitation to protect service members against being exploited while they are trying to…”
Editor's note · Context
Cordray defends legislation limiting interest rates on loans for service members.
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More from Richard Cordray
Anything that is attempting or seeking to compromise our independence will make it harder for us to do our job.
The changes that are being made here that the Secretary announced...are going to result in the numbers of people receiving public service loan forgiveness...into the tens of thousands.
I stand by and believe this was a reasonable approach to how to get relief to hundreds of thousands of consumers who were discriminated against under the disparate impact theory that I know some people disagree with, but the Supreme Court…
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.