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5 Jun 2013, 1:29 pm by Karen M. Morgan
MorganOn June 4, eight industry groups sent a letter addressed to HUD Secretary Shaun Donovan and CFPB Director Richard Cordray requesting much needed written guidance from HUD and the CFPB that makes clear that compliance with the CFPB’s ability-to repay/qualified mortgage (QM) final rule will not expose lenders to disparate impact liability under the Fair Housing Act (FHA) or the Equal Credit Opportunity Act (ECOA). [read post]
2 Jun 2013, 9:30 pm by Susan Block-Lieb
  After President Obama sought to engineer around these obstructions by appointing Richard Cordray as Director using his recess appointments power, the D.C. [read post]
31 May 2013, 1:10 pm by Alan S. Kaplinsky
Accordingly, the outcome of Noel Canning should control Richard Cordray’s current status as CFPB Director and any future purported “recess” appointments by the President of a CFPB director. [read post]
31 May 2013, 12:45 pm by Alan S. Kaplinsky
In a letter to Richard Cordray dated May 28, 2013, 13 Democratic Members of the House Committee on Financial Services have implied that they might share these concerns. [read post]
30 May 2013, 6:00 am by Barbara S. Mishkin
Noel Canning, Richard Cordray was not validly appointed as CFPB Director. [read post]
29 May 2013, 9:21 am by Barbara S. Mishkin
MishkinAccording to a Bloomberg report, the Chippewa-Cree tribe in Montana, as grounds for objecting to a Civil Investigative Demand (CID) issued by the CFPB, has challenged the validity of Director Richard Cordray’s recess appointment. [read post]
22 May 2013, 9:30 pm by Lauren-Kelly Devine
  CFPB Director Richard Cordray expressed the Bureau’s willingness to work with the Department of Education to continue developing effective policies on student loans. [read post]
22 May 2013, 9:05 am by Barbara S. Mishkin
MishkinDespite expectations fueled by statements from Senate Majority Leader Harry Reid’s office that he planned to hold a procedural vote on Richard Cordray’s nomination this week, it now appears the Senate will not vote on the nomination before the Memorial Day recess. [read post]
16 May 2013, 2:32 pm by Barbara S. Mishkin
MishkinThe dark cloud that has been hanging over CFPB Director Richard Cordray’s recess appointment just got darker. [read post]
16 May 2013, 7:09 am by Barbara S. Mishkin
MishkinBloomberg has reported that, according to a spokesman for Senate Majority Leader Harry Reid, the Senate will vote next week on whether to advance President Obama’s renomination of Richard Cordray to serve as CFPB Director. [read post]
9 May 2013, 10:59 am by Ronald Collins
The following is a series of questions posed by Ronald Collins on the occasion of the publication of The Supreme Court Sourcebook (Aspen, May 2013) by Richard H. [read post]
9 May 2013, 5:00 am by Nicole Kellner-Swick
  CFPB Director Richard Cordray stated that the purpose of the new rule “help[s] ensure that tens of millions of borrowers are not treated unfairly by their servicers” as “servicers are now facing the stress of an increasing number of delinquent borrowers” brought on by “[t]he student loan market…grow[ing] rapidly in the last decade… . [read post]
25 Apr 2013, 2:31 pm by Keith R. Fisher
This holding is significant for the CFPB in that its rationale applies equally to Obama’s simultaneous recess appointment of Richard Cordray as Director of the Bureau. [read post]
25 Apr 2013, 11:55 am by Lyle Denniston
Another case now working its way through lower courts involves a challenge to President Obama’s recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau — another target of conservative opposition. [read post]
24 Apr 2013, 7:49 am by Don Maurice
Richard Cordray is being barred from testifying before the House Financial Services Committee in the coming weeks until he is confirmed by the Senate because a federal appeals court ruling has put into question the validity of his appointment. [read post]
22 Apr 2013, 8:58 am by John L. Culhane, Jr.
  CFPB Director Richard Cordray will be giving remarks at the event. [read post]
16 Apr 2013, 9:00 pm by Barbara S. Mishkin
  CFPB Director Richard Cordray is the only witness scheduled to appear. [read post]
15 Apr 2013, 9:30 pm by Lauren-Kelly Devine
  CFPB Director Richard Cordray indicated that the agency’s primary motivation for releasing such large amounts of data is to enhance transparency. [read post]