Richard Cordray: “Credit reporting is an important element in promoting access to credit that a consumer can afford to repay.”

Disparate impact has been the law of the land for decades. It has been reaffirmed by the Supreme Court.

[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.

On top of the historic debt that we have pushed upon tens of millions of Americans, they face a financial marketplace that is littered with predatory players.

If we're not getting value for that money, we should not be spending it.