Wednesday, April 7, 2010 as of 11:14 AM ET
Richard Cordray (born May 3, 1959) is an American politician, who is serving as the Director of the United States Consumer Financial Protection Bureau, which officially began operating in July 2011. Before that he was Attorney General of Ohio.
Read More at Wikipedia ›
Reloadable prepaid payment cards may soon have the same safeguards against fraud, hidden fees and losses that currently protect debit card users from abuses.
The federal Consumer Financial Protection Bureau (CFPB) today announced it will begin accepting public comments on potential new consumer protections for reloadable prepaid cards . It's the first step in drafting federal rules to regulate the increasingly popular cards, which allow users to load funds onto them and make online and in-store purchases just as they would with a debit card or credit card. When available funds are depleted, the cards can be reloaded again.Consumer groups have long warned that prepaid cards are chock-full of fees and carry no mandatory protections if cards are lost, stolen or used by unauthorized parties. To make matters worse, many celebrities -- the Kardashian sisters and money adviser Suze Orman , most recently -- have lent their names to prepaid cards to lure potential buyers only to draw fire from ...WASHINGTON -- A federal watchdog Monday proposed a rule to clarify that legal confidentiality protections will remain in place for certain documents banks share with...
Consumers battling with financial firms over overdraft charges, late fees and other checking account issues can now file complaints with a new federal watchdog.The C...
Consumers battling with financial firms over overdraft charges, late fees and other checking account issues can now file complaints with a new federal watchdog.The C...
The Consumer Financial Protection Bureau (CFPB) recently unveiled a new monthly mortgage statement that it hopes will better help consumers understand their existing...
The Consumer Financial Protection Bureau announced yesterday that it has launched an inquiry into checking account overdraft fee practices. Citing concerns regarding...
Overdraft fees, a profit center for banks, are the latest target of a new U.S. financial watchdog, which said Wednesday it would demand data from banks and work to m...
The nation's consumer watchdog on Wednesday launched an inquiry into fees charged by banks when consumers overdraw their accounts. Banks typically provide overdraft ...
WASHINGTON -- A legal issue causing widespread angst among banks supervised by the new Consumer Financial Protection Bureau is triggering bipartisan concern on Capit...
The U.S. Consumer Financial Protection Bureau Friday adopted a rule that will require protections for consumers that transfer money internationally, its first substa...
Most Americans have an active stake in one issue that might be easy to overlook in the midst of the 2012 Presidential campaign: policies affecting our day-to-day use...
The federal government will be giving payday loans "much more attention," Richard Cordray , head of the new Consumer Financial Protection Bureau, said Thursday durin...
On his first full day as director of the federal consumer financial watchdog agency, Richard Cordray announced the start of closer scrutiny of nonbank financial serv...
In the three years since President Obama signed landmark credit card reforms into law, are consumers or banks better or worse off?Banking industry representatives ha...
Need cash in a hurry?People who have run to the neighborhood cash advance outlet for quick money are finding more sources for short-term loans in unexpected places -...
Since April is National Stress Awareness Month - and Financial Literacy Month too - now is the perfect time to identify the personal finance issues that could cause ...
Mortgage lenders and consumer groups have launched at frenzied round of lobbying over one of the major issues financial regulators face from the 2008 financial crisi...
So the Washington Post and other sources report that under new director Richard Cordray, the Consumer Financial Protection Bureau is walking away from a plan to curt...
Federal authorities are formally backing away from rules that prevented banks from charging application and other fees before credit card accounts are opened.Under p...
The little-known practice of "force-placed" home insurance is increasingly being assailed as unnecessarily costly and often harmful to homeowners.Force-placed insura...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
