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Published Category: Speech

Prepared Remarks of CFPB Director Richard Cordray at the Mortgage Bankers Association

Thank you for having me today. Over the past five years, the Consumer Financial Protection Bureau and the Mortgage Bankers Association have each been working in our own ways to revive a mortgage industry that was devastated by the financial crisis. During the run-up to the crisis, we saw established traditions of responsible lending pushed aside by predatory actors whose misconduct hurt millions of Americans. It led to disruptions in the mortgage markets, transmitted through securitization channels to the broader financial system, which triggered its collapse.

Published Category: Blog

Financial coaching can benefit consumers

Financial coaching can help consumers achieve their financial goals.  It’s a strategy that financial educators can implement with the people they serve.  Read more about our two briefs: “Financial Coaching: A Strategy to Improve Financial Well-Being” and “Implementing Financial Coaching: Implications for Practitioners.”