Get your party hats on, CFPB.

Senate Finally Confirms Richard Cordray As CFPB Director

Pop the bubbly and take a deep breath of relief, Richard Cordray. The Senate finally reconfirmed Cordray today as the director of the Consumer Financial Protection Bureau, a post he’s held since the bureau’s creation in January 2012. It’s about dang time, as the vote had been idling along in light of a stalemate among some lawmakers who wanted changes to be made to the CFPB first before any nominee was even considered. [More]

CFPB's Richard Cordray

Survey Says: 74% Of Consumers Support Approving A CFPB Director

This week the Senate is preparing to vote on whether or not to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau, something that’s not a shock considering he’s been overseeing the bureau for the entirety of its existence, since January 2012. And while there has been some pushback against his confirmation, a survey from the Consumer Reports National Research Center shows 74% of consumers support the approval of a director. [More]

(frankieleon)

CFPB: Bank Customers Leaking $225 In Overdraft Fees Per Year On Average

Why is your bank account leaking so much money ever year? Where does it all go? Checking account customers are bleeding funds to the tune of about $225 per year on average, the Consumer Financial Protection Bureau says in a new study. That means that despite regulations aimed at lessening the effects of overdraft fees and clear up the whole process. [More]

Senate Panel Gives Thumbs-Up To Confirming CFPB Director Cordray

Senate Panel Gives Thumbs-Up To Confirming CFPB Director Cordray

Consumer Financial Protection Bureau director Richard Cordray moved one step closer to sticking around as the young agency’s head this morning, with the Senate Banking Committee narrowly giving its approval to his confirmation. [More]

(chadlafarge)

One Complaint To CFPB Fixes Mortgage Snafu That 9 Months Of Dealing With The Bank Couldn’t

As Consumer Financial Protection Bureau director Richard Cordray pointed out in his testimony before the Senate Banking Committee this morning, more than 130,000 American consumers have used the agency’s numerous complaint portals to help resolve their problems with financial institutions. Consumerist reader Charles is just one of those people who still has a house because the CFPB was able to accomplish in a few days what no one else could in almost a year. [More]

CFPB Director Richard Cordray.

CFPB Director Cordray To Make His Case For Another Term Tomorrow

A little more than a year after taking the reins as the first Director of the Consumer Financial Protection Bureau, Richard Cordray will be appearing tomorrow before the Senate Banking Committee to answer questions and make his case for another term at the Bureau’s helm. [More]

Keep on keepin' on, Cordray.

Richard Cordray Re-Nominated To Head Consumer Financial Protection Bureau

Ever since Richard Cordray was appointed head of the very first Consumer Financial Protection Bureau back in January 2012, he’s rolled up his sleeves as the director and dug into the task of making the financial industry less confusing to consumers. He and the CFPB have addressed credit card companies, credit bureaus, debt collectors, mortgage applications, big banks and their myriad of fees and all matter of consumer complaints. And now he gets to do it again this year! [More]

CFPB Devises New Simple Forms For Mortgages That Won't Boggle Your Eyeballs

CFPB Devises New Simple Forms For Mortgages That Won't Boggle Your Eyeballs

If mortgage disclosure forms actually told homeowners exactly what they were getting into, in the simplest of terms, perhaps everyone could catch a break — from the lenders to the often confused consumers who have to deal with the current system and its four complicated documents from two separate government agencies. The Consumer Financial Protection Bureau is on the march once again, and this time its director Richard Cordray is proposing one simple mortgage disclosure form. [More]

Cordray: Credit Bureaus Are A "Murky Unknown" To Consumers

Last week, the Consumer Financial Protection Bureau announced it was drafting new regulations that would allow for the oversight of the largest credit reporting bureaus and debt collection companies. The reason, explains CFPB head Richard Cordray is that many consumers are in the dark about these businesses and feel somewhat helpless when it comes to dealing with them. [More]

CFPB Director Richard Cordray.

Republicans: Expect Legal Challenges To Richard Cordray's 'Invalid' Appointment As CFPB Head

Republican senators have a buzzy little bee in their collective bonnets over the appointment of Richard Cordray as the director of the Consumer Financial Protection Bureau. See, they’re mad that President Obama took it upon himself to finalize the deed while the Senate was in recess, and say his “invalid” appointment will hurt business. [More]

New CFPB Chief: Consumers Need To Fully Understand Costs & Risks Of Borrowing

New CFPB Chief: Consumers Need To Fully Understand Costs & Risks Of Borrowing

Only a day after being appointed — in the face of stalwart Senate Republicans — as head of the new Consumer Financial Protection Bureau, former Ohio Attorney General Richard Cordray took to YouTube to share his vision of the CFPB’s mission. [More]

President To Just Go Ahead And Appoint Cordray As Financial Protection Chief

President To Just Go Ahead And Appoint Cordray As Financial Protection Chief

It’s been nearly six months since President Obama picked former Ohio Attorney General Richard Cordray as his nominee to head the recently created Consumer Financial Protection Bureau. But with Senate Republicans continuing to block a vote on Cordray’s appointment, the President has decided to go ahead and use his authority to fill the position by making a recess appointment. [More]

White House: GOP Efforts To Block Confirmation Of CFPB Director Will Hurt Consumers

White House: GOP Efforts To Block Confirmation Of CFPB Director Will Hurt Consumers

Deputy Director of the National Economic Council, Brian Deese, spoke with Consumerist today during a conference call where he stressed the importance of Richard Cordray’s confirmation as director of Consumer Financial Protection Bureau, a confirmation that was blocked earlier today by Senate Republicans. [More]

Senate Expected To Vote On Consumer Financial Protection Bureau Director Tomorrow

Senate Expected To Vote On Consumer Financial Protection Bureau Director Tomorrow

It feels like it was ages ago when former Ohio Attorney General Richard Cordray (not to be confused with his doppelganger NBC page Kenneth Ellen Parcell) was announced as the White House’s nominee for director of the recently formed Consumer Financial Protection Bureau. Now it’s almost time to cue some sort of dramatic music as the Senate is expected to thumbs-up-or-down the nomination on Thursday. [More]

Obama To Nominate Former Ohio AG Cordray For CFPB Director

Obama To Nominate Former Ohio AG Cordray For CFPB Director

After months of speculation and fighting over the leadership of the newborn Consumer Financial Protection Bureau, the White House has announced that President Obama will not nominate Elizabeth Warren for the directorship, but instead will go with former Ohio Attorney General Richard Cordray. [More]