I want to be clear about one thing. We recognize there is a need and demand in this country for emergency credit.
Richard Cordray: “I want to be clear about one thing. We recognize there is a need and demand in this country for emergency credit.”
Editor's note · Context
Richard Cordray acknowledges the need for emergency credit in the country.
Share
More from Richard Cordray
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…
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.