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 has reaffirmed is the law of the land.
Cordray defends his approach to consumer relief despite disagreement.
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The U.S. Supreme Court last June reaffirmed that disparate impact discrimination is the law of the land.
To have a place to turn to, to come to this Consumer Bureau, to say the complaint in their own voice, and to make sure we will work with the company to try to get it fixed and they can get relief in many instances, that is really important…
We do not want to dry up access to credit, and maintaining that balance is quite important.