Richard Cordray: “We now have the authority to enforce the Equal Credit Opportunity Act, which will govern a lot of this kind of…”

the irresponsible lending that precipitated the crisis and blew up the mortgage market and blew up the economy pushed most lending now to GSEs and eliminated, destroyed the secondary financing market, which has not yet recovered.

I think we are just trying to put consumers in a position so they can make choices that they won't regret later, so that they can know what they really would want to know at the time.

We must all hang together or, most assuredly, we will hang separately.

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.