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Author archive: Richard Cordray

Written Testimony of CFPB Director Richard Cordray Before the Senate Committee on Banking, Housing, and Urban Affairs

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Chairman Shelby, Ranking Member Brown, and Members of the Committee – thank you for the opportunity to testify today about our latest Semi-Annual Report to Congress. We appreciate your continued oversight and leadership as we work together to strengthen our financial system and ensure that it serves consumers, responsible businesses, and the long-term foundations of […]

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Prepared Remarks of CFPB Director Richard Cordray at the White House Conference on Aging

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The Consumer Financial Protection Bureau is working hard to make financial markets work better on behalf of 320 million American consumers. In particular, our new agency specifically recognizes the need to protect older Americans against financial exploitation and promote economic security later in life. With the aging of the baby boomer generation, that mission has […]

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Statement by CFPB Director Richard Cordray on GAO Workplace Financial Literacy Report

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WASHINGTON, D.C. — This week, the GAO released a report on financial literacy in the workplace, which summarized a forum of employers, federal government agencies, and academic researchers who discussed the role of employers in improving employees’ financial well-being. Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement: “There is a natural […]

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Prepared Remarks of CFPB Director Richard Cordray on the JPMorgan Chase Debt Collection Enforcement Action Press Call

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Thank you for joining this call. Today the Consumer Financial Protection Bureau is teaming up with our state partners across the country to take action against JPMorgan Chase for selling bad credit card debt and robo-signing documents in violation of law. This kind of conduct has no place in the consumer financial marketplace. The orders […]

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