Tag Archives: richard cordray

New Limits On Mortgage Fees

Mortgage pros make their money from the ignorance of those who aren’t in the mortgage industry. It is in the pros interest to keep mortgages as complicated as possible and filled with as many mysterious fees as possible. I’m a … Continue reading

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Consumer Financial Protection Bureau Probes Lenders

Smaller lenders who are not quite banks are going to get the once over from the Obama administration’s new bureaucracy — the Consumer Financial Protection Bureau. The CFPB has all sorts of rules to enforce and they are going to … Continue reading

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A Bank Critic Will head the enforcement division of the new Consumer Financial Protection Bureau

Ohio Attorney General Richard Cordray has gained fame for attacking banks. Now he will be regulating them. I can’t imagine the banks are too happy about this. Sloppy bank paperwork on foreclosures attracted Cordray’s ire and raised him to fame. … Continue reading

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