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Published Category: Speech

Prepared Remarks of CFPB Director Richard Cordray on the Ocwen Enforcement Action Press Call

Today the Consumer Financial Protection Bureau is filing a lawsuit against Ocwen, one of the nation’s largest nonbank mortgage servicers. We are seeking relief to compensate consumers for years of systemic and significant errors throughout the mortgage servicing process, which cost some of them their homes. 

Published Category: Speech

Prepared Remarks of CFPB Director Richard Cordray at Operation HOPE Global Forums Annual Meeting

Thank you John for your kind words. I am glad to be back in Atlanta for the HOPE Global Forum. It is great to be here with you and to know you share similar goals and ideals for our society. The thread that links the Consumer Financial Protection Bureau to Operation HOPE is the hard and important mission of empowering the economically vulnerable among us.

Published Category: Speech

Prepared Remarks of CFPB Director Richard Cordray at Chamber of Commerce 11th Annual Capital Markets Summit

Thank you once again for having me today. For five years now, you have regularly invited me to talk with you and hear from you about what we are doing at the Consumer Financial Protection Bureau. We have always had a candid dialogue, and we share the goal of a strong and vibrant financial sector that works for both consumers and responsible businesses alike.

Published Category: Speech

Prepared Remarks of CFPB Director Richard Cordray at National Community Reinvestment Coalition Conference

Thank you. With this award, as with all others, I am willing temporarily to accept it into my hands only to convey it to my hard-working, dedicated colleagues at the Consumer Financial Protection Bureau, who alone truly deserve it. They protect and support American consumers every single day, and no recognition is sufficient to reflect their care, thoughtfulness, and passion for the work they do.

Published Category: Speech

Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting

Welcome to this meeting of the Consumer Advisory Board. We find great value in the dialogue we have with our CAB members, who share with us their perspective, their expertise, and their experience. All of that improves our work in many ways. We are here together because each of us cares deeply about how consumers are being treated in the consumer financial marketplace. Today, I want to talk to you specifically about some of the work we are doing and the tangible progress we are making in the consumer reporting marketplace.