Podcasts about Cordray

Richard Cordray was Ohio's Treasurer and Attorney General before he served as the first director of the federal Consumer Financial Protection Agency. Cordray, who also unsuccessfully ran for governor in 2018, talks to Ohio Statehouse Scoop Host Jo Ingles about the current federal effort to gut the agency and shut it down. Ohio Public Media Statehouse News Bureau Chief Karen Kasler and Reporter Sarah Donaldson join Jo to discuss the progress of major legislation affecting marijuana and K-12 education. And they chat about how the race for governor will soon be more crowded.

Harry talks with Rich Cordray, the first director of the Consumer Protection Financial Bureau, about the Bureau's achievements for American consumers and the concerns that its functions now may slow dramatically or even stop. Trump recently fired the Bureau's director and appointed a new director who ordered a halt to all Bureau actions; a new acting Director later instructed all staff to cease work. Cordray sketches out the Bureau's general achievements in the mortgage, credit card, and banking industries, in which individual consumers had so often been victimized with little recourse until the CFPB came online. Cordray explains the lawsuit now pending in the district court in Washington DC to prevent the Administration from mass firings and destruction of agency data. He ends by emphasizing the importance during this time of feverish activity within the Executive Branch to keep watch on enforcement of consumer laws and Administration action to weaken consumer protection.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today's podcast show is a repurposing of the second half of a webinar we produced on January 17, 2025. That webinar was Part 3 of our webinar series entitled “The Impact of the Election on the CFPB and Others.” In Part 3, we focus on the role of state attorneys general in a rapidly shifting CFPB environment. Our previous podcast show, released on Tuesday February 11th, was a repurposing of the first half of our January 17th webinar in which Alan Kaplinsky had a “fireside chat” with Matthew J. Platkin, the New Jersey Attorney General. See here. The importance of Part 3 is underscored by the recent actions taken by President Trump to fire Rohit Chopra as Director of the CFPB and to appoint new Treasury Secretary, Scott Bessent, and then new Office of Management and Budget (OMB) Director, Russell Vought, as Acting Directors, Messrs. Bessent, and Vought have essentially stopped all activities of the CFPB for the time being. During today's podcast show, Mike Kilgarriff, Joseph Schuster, Adrian King and Jenny Perkins of Ballard Spahr's Consumer Financial Services Group discussed in detail the following issues, among others: •           CFPB post-election messaging to state attorneys general providing a roadmap to them on powers they may exercise under federal law, including the use of the UDAAP provision of Dodd-Frank (particularly the “abusive” prong) •           The probable decline in collaboration with the CFPB following the change in administration •           More networking of state attorneys general •           What can we expect from state legislatures in enacting new consumer financial services protection laws? •           What can we expect from state attorneys general and other state agencies in promulgating new consumer financial services protection laws? •           The continuing need for companies to maintain a robust compliance management system Parts 1, 2 and 3 of our webinar series appear here, here, and here. Our podcast shows (repurposing Parts 1 and 2 of our webinar series) appear here, here, here, and here. The title of Part 1 is: “The Impact of the election on the CFPB: Regulations and other written guidance, which featured Alan Kaplinsky's “fireside chat” with David Silberman who held senior positions at the CFPB for almost 10 years during the Directorships of Cordray, Mulvaney, and Kraninger. Part 2 is: “The Impact of the Election on the CFPB: Supervision and Enforcement, which featured Alan Kaplinsky's “fireside chat” with former Director Kathy Kraninger during Trump‘s first term in office. Alan Kaplinsky, Senior Counsel and former chair for 25 years of the Consumer Financial Services Group, hosts the discussion.

Today's podcast show is a repurposing of Alan Kaplinsky's “fireside chat” with Matthew J. Platkin, the New Jersey Attorney General, which was the first half of a webinar we produced on January 17, 2025. That webinar was Part 3 of our webinar series entitled “The Impact of the Election on the CFPB and Others.” In Part 3, we focus on the role of state attorneys general in a rapidly shifting CFPB environment. The importance of Part 3 is underscored by the recent actions taken by President Trump to fire Rohit Chopra as Director of the CFPB and to appoint new Treasury Secretary, Scott Bessent, and then new Office of Management and Budget (OMB) Director, Russell Vought, as Acting Directors. Messrs, Bessent, and Vought have essentially temporarily stopped all activities of the CFPB for the time being. During our “fireside chat” with General Platkin, we discussed the following topics, among others: 1.               What is General Platkin's background, including his stint as Chief Counsel to the New Jersey Governor? 2.               Since General Platkin has been New Jersey Attorney General, what are some examples of the consent orders or lawsuits he has initiated related to consumer financial services? 3.               Has the New Jersey Attorney General previously collaborated with the CFPB and/or FTC in investigating certain companies or segments of the consumer financial services industry, and is that likely to change? 4.               What effect will there be on consumers in New Jersey if President Trump appoints (as he did) an Acting Director of the CFPB whose interpretation and enforcement of federal consumer protection laws differs markedly from Rohit Chopra? 5.               What will the New Jersey Attorney General's office do in response to this anticipated shifting CFPB environment? 6.               Elon Musk has called for the deletion of the CFPB and Project 2025 has also called for the elimination of the CFPB. If that were to happen, what would the New Jersey Attorney General's office do to fill this anticipated void? 7.               We then looked beyond New Jersey to other state attorney general's offices similarly situated to the New Jersey Attorney General office – who will have the need to initiate more cases when resources are limited. We discussed how state Attorney General's (including the New Jersey Attorney General) have networked with each other to investigate and sue companies that are violating consumers' rights in multiple states. We then discussed why it is anticipated that the networking process is likely to increase. 8.               The areas of consumer financial protection law and segments of the consumer financial services industry that will be areas of focus for the New Jersey Attorney General during 2025? Our next episode will be the second half of our January 17 webinar in which several of our colleagues will explore in depth why we expect state Attorney General's offices to significantly ramp up their investigations involving and lawsuits filed against banks and other consumer financial services providers. Parts 1, 2 and 3 of our webinar series appear here, here, and here. Our podcast shows (repurposing Parts 1 and 2 of our webinar series) appear here, here, here, and here. The title of Part 1 is: “The Impact of the election on the CFPB: Regulations and other written guidance, which featured Alan Kaplinsky's “fireside chat” with David Silberman who held senior positions at the CFPB for almost 10 years during the Directorships of Cordray, Mulvaney, and Kraninger. Part 2 is: “The Impact of the Election on the CFPB: Supervision and Enforcement, which featured Alan Kaplinsky's “fireside chat” with former Director Kathy Kraninger during Trump‘s first term in office.

Today's podcast episode is a repurposing of Alan Kaplinsky's “fireside chat” with Kathy Kraninger, the Director of the CFPB during the second half of President Trump's presidency from December 2018 until January 2021. (This was originally the first half of a webinar we did on January 6, 2025 which was entitled “The Impact of the Election on the CFPB - Supervision and Enforcement.” The January 6 webinar is Part 2 of a 3-part series. Next Thursday, we will release the second half of that webinar which will feature Ballard Spahr partners, John Culhane and Mike Kilgariff, who will take a deep dive into the expected changes in CFPB supervision and enforcement during President Trump's second term in office.) During her “fireside chat” with Alan, Kathy discussed the following things: (a) How she was nominated by Trump to be the Director and succeeded Mick Mulvaney, the acting Director appointed by Trump to succeed Richard Cordray as Acting Director; (b) Organizational and other changes made by Mulvaney and/or Kraninger, including a hiring freeze, appointments of new heads of departments, etc; (c) The practical impact on CFPB operations of the Supreme Court's opinion in the Seila Law case in which the Court held that the President had the right to remove the CFPB director without cause; (d) Her priorities as Director, including her regulatory, supervisory and enforcement agendas; (e) Her policy statements on “abusiveness”, supervisory expectations and COVID-19; (g) Her thoughts on what she anticipates will change at the CFPB once a new acting director chosen by Trump succeeds Rohit Chopra; and (h) Her thoughts on whether Congress should re-structure the CFPB's governance and funding. The “fireside chat” provides stakeholders in the CFPB insight into what may happen at the CFPB during Trump 2.0. There will, however, be some important differences between the circumstances that existed during the transition from Cordray to Mulvaney Kraninger during Traump 1.0 and the transition from Chopra to a new acting Director during Trump 2.0.. At the time when Mick Mulvaney became Acting Director, there were no pending lawsuits challenging CFPB final regs and other actions. During Mulvaney's term in office, a trade association of payday lenders sued the CFPB challenging the CFPB's payday lending rule and, in particular, its “ability to pay” requirement. The acting director appointed by Trump will inherit multiple pending lawsuits against the CFPB challenging many of the regs issued by the CFPB under Rohit Chopra's last two years as Director. The Acting Director will need to develop legislative (Congressional Review Act), judicial and regulatory strategies for dealing with the slough of regs, proposed regs and other written guidance issued by Chopra. The Acting Director will also need to quickly decide what position the CFPB will take with respect to the defense raised in at least 13 enforcement lawsuits claiming that the CFPB has been disabled from conducting business since September 2022 when there was no longer any “combined earnings of the Federal Reserve Banks” - a prerequisite to the Federal Reserve Board funding the CFPB under the Dodd-Frank Act. Alan Kaplinsky, Senior Counsel and former chair for 25 years of the Consumer Financial Services Group, hosts the discussion.

What makes White River Campground such a unique Workamping experience is that the Cordrays do not require a set number of hours per week in exchange for a free RV site. The couple offers a flexible compensation plan that can be structured to meet the needs of individual Workampers.

Join Jim and Greg as they cheer the end of the anti-Israel encampment at Columbia while relishing the leftist insanity on open display. Plus, Jim fumes over the federal government's persistent failures to help families determine financial aid for college, and President Biden considers accepting "refugees" from Gaza.First, they they cheer the NYPD for declaring the occupation of a Columbia University academic building to be a riot and arresting dozens of trespassing radicals. But they also get a lot of laughs out of the demonstrators' earlier, convoluted demands that the university provide or allow "humanitarian aid" - meaning food and water - as they illegally controlled the building.Next, Jim sounds off as the U.S. Department of Education failed repeatedly to allow high school seniors to file their Free Application for Federal Student Aid forms in a timely manner and are now delaying critical financial aid information. The website was unusable for months after it was promised to be functioning and one major glitch was not fixed until yesterday. They also discuss how this is yet another area in which the federal government has no business being in charge and makes life much tougher for Americans.Finally, they fume as President Biden reportedly considers allowing refugees from Gaza to enter the United States, even though no Middle East country is willing to take in these people and the vast majority of people in Gaza hate the United States.Please visit our great sponsors:Fast Growing Treeshttps://fastgrowingtrees.com/martiniUse code Martini to save an additional 15% off on your first order. 

  Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About How Clay Has Taught Doctor Joe Lai And His Team Orthodontic Team How to Achieve Massive Success Today At: www.KLOrtho.com Learn How to Grow Your Business Full THROTTLE NOW!!! Learn How to Turn Your Ideas Into A REAL Successful Company + Learn How Clay Clark Coached Bob Healy Into the Success Of His www.GrillBlazer.com Products   Learn More About the Grill Blazer Product Today At: www.GrillBlazer.com Learn More About the Actual Client Success Stories Referenced In Today's Video Including: www.ShawHomes.com www.SteveCurrington.com www.TheGarageBA.com www.TipTopK9.com Learn More About How Clay Clark Has Helped Roy Coggeshall to TRIPLE the Size of His Businesses for Less Money That It Costs to Even Hire One Full-Time Minimum Wage Employee Today At: www.ThrivetimeShow.com To Learn More About Roy Coggeshall And His Real Businesses Today Visit: https://TheGarageBA.com/ https://RCAutospecialists.com/ Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/

Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/

Récréation Sonore reçoit Raphaël Cordray, créateur sonore, musicien et fondateur en 2014 de l'association Microphone qui anime Racines, un atelier de création sonore destiné aux détenus de deux prisons de la région stéphanoise. Le nom complet de l'association c'est « Microphone, porter la Parole », car son but est de collecter la parole – sur des territoires, dans des lieux spécifiques ou auprès d'un groupe de personnes – et de la restituer, dans l'espace public, sous formes de créations dont le style les rapproche de la musique électroacoustique. Depuis 2018, Raphaël Cordray anime Racines, un atelier d'écriture et de création sonore, en milieu carcéral, dans deux prisons de la région de Saint-Etienne, à Roanne et à La Talaudière. Dans cette émission, on écoute trois épisodes de Racines et Raphaël Cordray revient sur ce qui l'a amené à monter ce projet, avant de nous en expliquer le fonctionnement.

Ce dimanche 19 mars, on reçoit Raphaël Cordray, créateur sonore, musicien et fondateur en 2014 de l'association Microphone qui anime Racines, un atelier de création sonore destiné aux détenus de deux prisons de la région stéphanoise. Le nom complet de l'association c'est "Microphone, porter la Parole", car son but est de collecter la parole – sur des territoires, dans des lieux spécifiques ou auprès d'un groupe de personnes – et de la restituer, dans l'espace public, sous formes de créations dont le style les rapproche de la musique électroacoustique. Depuis 2018, Raphaël Cordray anime Racines, un atelier d'écriture et de création sonore, en milieu carcéral, dans deux prisons de la région de Saint-Etienne, à Roanne et à La Talaudière. Dans cette émission, on écoute trois épisodes de Racines et Raphaël Cordray revient sur ce qui l'a amené à monter ce projet, avant de nous en expliquer le fonctionnement. Pour en savoir plus sur les projets de Microphone, porter la Parole ; et pour écouter la série Racines et d'autres oeuvres de Raphaël Cordray. Cette émission a été préparée et produite par François Bordonneau.

Ce dimanche 19 mars, on reçoit Raphaël Cordray, créateur sonore, musicien et fondateur en 2014 de l'association Microphone qui anime Racines, un atelier de création sonore destiné aux détenus de deux prisons de la région stéphanoise. Le nom complet de l'association c'est "Microphone, porter la Parole", car son but est de collecter la parole – sur des territoires, dans des lieux spécifiques ou auprès d'un groupe de personnes – et de la restituer, dans l'espace public, sous formes de créations dont le style les rapproche de la musique électroacoustique. Depuis 2018, Raphaël Cordray anime Racines, un atelier d'écriture et de création sonore, en milieu carcéral, dans deux prisons de la région de Saint-Etienne, à Roanne et à La Talaudière. Dans cette émission, on écoute trois épisodes de Racines et Raphaël Cordray revient sur ce qui l'a amené à monter ce projet, avant de nous en expliquer le fonctionnement. Pour en savoir plus sur les projets de Microphone, porter la Parole ; et pour écouter la série Racines et d'autres oeuvres de Raphaël Cordray. Cette émission a été préparée et produite par François Bordonneau.    

Learn More About www.PrimoTrailer.com Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About How Clay Has Taught Doctor Joe Lai And His Team Orthodontic Team How to Achieve Massive Success Today At: www.KLOrtho.com Learn How to Grow Your Business Full THROTTLE NOW!!! Learn How to Turn Your Ideas Into A REAL Successful Company + Learn How Clay Clark Coached Bob Healy Into the Success Of His www.GrillBlazer.com Products
Learn More About the Grill Blazer Product Today At: www.GrillBlazer.com Learn More About the Actual Client Success Stories Referenced In Today's Video Including:
www.ShawHomes.com
www.SteveCurrington.com
www.TheGarageBA.com
www.TipTopK9.com
Learn More About How Clay Clark Has Helped Roy Coggeshall to TRIPLE the Size of His Businesses for Less Money That It Costs to Even Hire One Full-Time Minimum Wage Employee Today At: www.ThrivetimeShow.com To Learn More About Roy Coggeshall And His Real Businesses Today Visit:
https://TheGarageBA.com/
https://RCAutospecialists.com/ Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)
See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE:
https://www.thrivetimeshow.com/business-conferences/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE:
www.ThrivetimeShow.com/Millionaire See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/  

This week on "Off The Cuff," Justin is joined by Michael Stratford, an education reporter at Politico, to discuss all things student loans and federal financial aid. The two break down key differences between the Biden and Obama administrations' higher education agendas before covering how the Office of Federal Student Aid (FSA) is being run under Richard Cordray — and how FSA is handling student loan servicers. Michael then details his reporting on the Department of Education's plan to restart student loan payments after what will be a nearly two-year hiatus due to the coronavirus pandemic. 

This week, Logan interviews Thomas Cordray for another BRE One V One Takeover! Follow Logan: TwitterFollow Thomas: Twitter Follow Celeste: Twitter | Instagram Follow us on Social Media: Twitter | Discord | Instagram | Twitch | YouTube | Facebook Group | Facebook You can catch One V One as part of Boss Rush Presents on Podcast Services and YouTube Monday mornings. Be You. Be More. Be Better. Boss Rush Network.

This week, Logan interviews Thomas Cordray for another BRE One V One Takeover! Follow Logan: Twitter Follow Thomas: Twitter Follow Celeste: Twitter | Instagram Follow us on Social Media: Twitter | Discord | Instagram | Twitch | YouTube | Facebook Group | Facebook You can catch One V One as part of Boss Rush Presents on Podcast Services and YouTube Monday mornings. Be You. Be More. Be Better. Boss Rush Network.

This week on a special episode of "Off The Cuff" we hear from Federal Student Aid's (FSA) Chief Operating Officer Richard Cordray as he spoke at the NASFAA 2021 virtual conference and detailed his vision for FSA. Justin then dives into a Q&A with Cordray where they discuss potential reforms for the the Public Service Loan Forgiveness (PSLF) program and the transition of millions of borrowers back into repayment when the federal forbearance period on federally-held student loans comes to an end. Plus, we want to know how you are spending your holiday weekend?

Stephen and Tiff start a band. Tiff thinks it best to save Stephen’s voice for a novelty song about Kevin. After their jam session, the two discuss “The Sting”. This episode of “The Office” originally aired on October 21, 2010. Host Tiff Arment and Stephen Hackett.

Stephen and Tiff start a band. Tiff thinks it best to save Stephen’s voice for a novelty song about Kevin. After their jam session, the two discuss “The Sting”. This episode of “The Office” originally aired on October 21, 2010. Tiff Arment and Stephen Hackett.

Welcome to Majority.FM's AM QUICKIE! Brought to you by justcoffee.coop TODAY'S HEADLINES: It’s an economic scourge that costs workers at least $15 billion a year. It’s called wage theft, and a new report explains why corporations keep getting away with it. Meanwhile, did the US government kill a young Black Panther activist in 1969? A new bill by one of Fred Hampton’s former comrades, Congressman Bobby Rush, seeks to open up the FBI’s files on Hampton’s case and others. And lastly, the new federal official in charge of student loans has a record of taking on shady lenders. Hear why consumer advocates are praising the Biden administration’s appointment of Richard Cordray this week. THESE ARE THE STORIES YOU NEED TO KNOW: This tale of everyday corporate crime from the Associated Press. Essential workers struggling through the pandemic are facing another hazard of hard times: employers who steal their wages. Companies that hire child care workers, gas station clerks, restaurant servers and security guards are among the businesses most likely to get caught cheating their employees. That’s according to a Center for Public Integrity analysis of minimum wage and overtime violations from the US Department of Labor. In 2019 alone, the agency cited about eight thousand five hundred employers for taking about $287 million from workers. Some major US corporations were among the worst offenders. They include Halliburton, G4S Wackenhut and Circle-K stores. According to the AP, victims of wage theft toil on the lower rungs of the workforce. Danielle Wynne, a $10-an-hour convenience store clerk in Florida, said her boss ordered her to work off the clock. Ruth Palacios, a janitor from Mexico, earned less than minimum wage to disinfect a New York City hospital at the height of the pandemic. Companies have little incentive to follow the law. The Labor Department’s Wage and Hour Division, which investigates federal wage-theft complaints, rarely penalizes repeat offenders. On top of that, the division often lets businesses avoid repaying employees all the money they’re owed. Jenn Round, a labor expert at Rutgers University, said some companies do a cost-benefit analysis and realize it’s cheaper to violate the law, even if they get caught. Sounds like a great reason to increase fines for wage theft! Bill Would Open COINTELPRO Records It’s time for some truth. The Washington Post reports that a Democratic lawmaker introduced new legislation yesterday that would force the government to reveal decades-old FBI files about domestic spying on civil rights and peace activists. Illinois Democratic Representative Bobby Rush is seeking answers about the killing of Fred Hampton, a Black Panther activist targeted by an FBI informant and shot by police in Chicago in 1969. The congressman, who helped found the Illinois Black Panther Party and blames the FBI for Hampton’s death, said the files should hold important details about the bureau’s activities. The FBI declined to comment. The Post says the FBI’s investigation of Hampton was part of a larger domestic intelligence gathering effort by the FBI called COINTELPRO, short for Counterintelligence Program. It entailed infiltrating, harassing, and sowing division among groups involved in constitutionally protected political activism. The restrictions imposed on the FBI in the wake of COINTELPRO have come under renewed scrutiny in recent months. Some have argued the FBI has interpreted the rules too narrowly, allowing the January 6th insurrection at the US Capitol to be planned in plain view. Rush said he would welcome any conservatives’ support if that helps provide answers about the domestic spying program. Rush’s bill would require all COINTELPRO files to be made public within six months of the law’s passage. It would also remove the J. Edgar Hoover name from the FBI headquarters building. Maybe they should call it the Fred Hampton Memorial FBI Building. Consumer Advocate Takes Over Student Loans Here’s some hopeful news on the personnel front. The Post reports that Richard Cordray, the first director of the Consumer Financial Protection Bureau, has been named to head the federal aid office that oversees the government’s $1.5 trillion student loan portfolio. Cordray led the bureau’s crackdown on consumer abuses in debt collection, student loan servicing and for-profit colleges, garnering the respect of advocates and drawing the ire of those industries. His selection signals tougher oversight of the Education Department’s contractors and enforcement of the rules governing federal student aid. According to the Post, Cordray will arrive at the department as the Biden administration grapples with its authority to cancel a portion of federal student loans, a policy championed by one of Cordray’s chief supporters, Senator Elizabeth Warren. The Democratic senator from Massachusetts praised his appointment Monday, saying she is, "very glad he will get to apply his fearlessness and expertise to protecting student loan borrowers." During his six-year tenure at the CFPB, Cordray frequently clashed with the financial industry and conservatives over his aggressive regulation. His efforts to weed out poor servicing of student loans and predatory career training schools at times put him at odds with the Education Department. The CFPB under Cordray’s direction also brought some of the most high-profile student lending cases in recent years. Among them: a lawsuit against the for-profit giant Corinthian Colleges for steering students into private loans that had interest rates as high as fifteen percent. Parasites! Your time is up. AND NOW FOR SOME QUICKER QUICKIES: The Guardian reports that the United Nations has condemned the violent repression of protests in Colombia, after police attacks left at least eighteen dead and eighty seven people missing. Riot police have rampaged across the smoke-filled streets, shooting protesters at point-blank range and charging at crowds with their motorcycles. Protests began peacefully with a nationwide general strike last Wednesday. Solidarity to all facing state violence. Officials told NBC News that the man who tried to drive into CIA headquarters in Virginia on Monday has died of his injuries after being shot by FBI agents who believed he had a bomb. The man, Roy Gordon Cole, was known to the CIA because he had tried to drive into its heavily guarded facility before. No explosives were found. The AP reports that Israeli Prime Minister Benjamin Netanyahu yesterday failed to meet a midnight deadline to put together a new governing coalition. The news raises the possibility that his Likud party could be pushed into the opposition for the first time in twelve years. Feels like forever, though. According to the Washington Post, President Joe Biden yesterday set a goal of seventy percent of adult Americans having at least one coronavirus vaccine shot by the Fourth of July. The administration is also taking steps to make vaccine more accessible, including directing pharmacies to offer walk-in appointments, redirecting federal resources to support pop-up clinics and sending more doses to rural health clinics. Whatever it takes, we’re in! MAY 5, 2021 - AM QUICKIE HOSTS - Sam Seder & Lucie Steiner WRITER - Corey Pein PRODUCER - Dorsey Shaw EXECUTIVE PRODUCER - Brendan Finn

In Part II of our two-part podcast, we discuss how we expect Rohit Chopra, if confirmed by the Senate, to approach his new role as CFPB Director.  We look at the possible implications of positions taken by Mr. Chopra as FTC Commissioner for how he will use the CFPB’s statutory authorities, his likely approach to student lending based on his tenure as CFPB Student Loan Ombudsman, and how his approach to enforcement is likely to differ from that of former Director Kraninger.

In Part I of our two-part podcast, we are joined by special guest former CFPB Director Richard Cordray. After discussing the process of transitioning to new leadership, Mr. Cordray shares his thoughts on how Mr. Uejio and, if confirmed by the Senate, Mr. Chopra, are likely to approach their new leadership roles at the CFPB and their expected priorities. Ballard Spahr attorney Alan Kaplinsky hosts the conversation.

Today's Mortgage Desk segment of HousingWire Daily features an interview with Richard Cordray, the former director of the Consumer Financial Protection Bureau, as he talks about what comes next for the CFPB. President Joe Biden nominated Federal Trade Commission Commissioner Rohit Chopra as the next director, and he is now awaiting confirmations by the Senate. In this episode, Cordray talks about what the industry can expect from the soon-to-be director. 

Richard Cordray, former director of the Consumer Financial Protection Bureau (CFPB), discussed his new book, "Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy." Growing problems in the increasingly one-sided finance markets blew up the economy in 2008. In the aftermath, Congress created the CFPB. Sharing the stories of individual consumers, Watchdog shows how the Bureau quickly became a powerful force for good, suing big banks for cheating or deceiving consumers, putting limits on predatory lenders, simplifying mortgage paperwork, and stepping in to help solve problems raised by individual consumers. Cordray also discussed recent developments, including the Supreme Court's Seila Law decision, as well as what consumer protection may look like under a Biden administration. Sponsored by the Global Financial Markets Center. View transcript: https://law.duke.edu/transcripts/Transcript-Watchdog-How-Protecting-Consumers-Can-Save-Our-Families,-Our-Economy,-and-Our-Democracy.pdf

Storyfort's Joe Davidson and Allison Maier have a Zoom conversation with local playwright and COVID Cultural Commissioning (CCC) Fund recipient Grace Ward and director and dramaturg Emma Cordray. Grace and Emma discuss their creative journeys, the process of collaboration, the future of theatre, and their sources of inspiration during the pandemic. You can learn more about Treefort Music Fest and purchase your tickets for Treefort '21 at www.treefortmusicfest.com Storyfort Presents: Voices of Treefort Music Fest is a part of the EaseDrop Podcast Network Theme music provided by Up is the Down is the Support Storyfort Presents: Voices of Treefort Music Fest by donating to their Tip Jar: https://tips.pinecast.com/jar/storyfort-presents-voices-of-t

"A big part of my development is the different assignments I've been able to have across the company and the relationships I've been able to make" - Jay Cordray Take a moment to get to know Regional General Manager Jay Cordray as he sits down with Leaders Of Walmart this week to talk about gaining a better understanding of the business. Jay started with Walmart over 25 years ago at the age of 16 and has three pieces of advice to share on how you too can navigate a successful career path within Walmart.

In today's Daily Download episode, HW+ Managing Editor Brena Nath interviews former Consumer Financial Protection Bureau Director Richard Cordray. Cordray served for six years as the first director of the CFPB, and before joining the bureau, he served as Ohio's Attorney General. In this interview, Cordray explains why he thinks the industry needs to redefine how they look at foreclosures. He does this by sharing lessons from the financial crisis and what the road ahead looks like as the industry figures out how to handle the fact that 8.8% of U.S. mortgages are in forbearance. He also discusses the immediate threats in the foreclosure process.“There's a lot of market pressure right now, and there will continue to be. Everybody's going to be fighting to handle this,” Cordray said in response to what advice he would give lenders and servicers given all the unknowns in the market. “The more friendly you can be toward consumers and the more compliant you can be, the better off you are. But again, there are significant economic pressures that are making that hard,” he said. “In the long run, the industry should insist on reforms,” said Cordray. “Right now, I think it's a very, very dramatic and dangerous situation that many services are in, and we could avoid this in the future, and we should. That's what congressional reforms should look to and should put in place so that we learn from the past, just as we did in the last crisis, we can do it again.”HousingWire articles covered in this episode:[PULSE] How should we think about foreclosures?[PULSE] Does the mortgage industry view foreclosure as a last resort?[PULSE] Will servicers be able to flatten the curve in foreclosures?Former CFPB Director Richard Cordray: Are servicers prepared to provide relief to borrowers?

The former director of the Consumer Financial Protection Bureau and author of the book “Watchdog” talks about the financial risks posed to consumers during the current crisis and what steps policymakers should be taking to address them. He also offers his predictions on what a pending Supreme Court ruling could mean for the CFPB and reveals why the Trump administration balked from ousting him while he was the agency’s leader.

On May 1, the Center for Regulation and Markets hosted Cordray to discuss his new book, “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy.”  https://www.brookings.edu/events/webinar-a-conversation-with-former-cfpb-director-richard-cordray/ Subscribe to Brookings Events on iTunes, send feedback email to events@brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. To learn more about upcoming events, visit our website. Brookings Events is part of the Brookings Podcast Network.

We are joined by Richard Cordray, former CFPB Director, and John Roddy, prominent plaintiffs’ class action lawyer, for a discussion of regulatory and litigation risks the crisis is expected to create for the consumer financial services industry. Topics include: industry practices that could trigger regulators’ scrutiny; operational areas impacted by working remotely that create compliance risks; fair lending issues arising from loan modifications/forbearances; state authority to change credit terms.

We are joined by Richard Cordray whose book about his CFPB tenure, Watchdog, was recently-released. Among other topics, Mr. Cordray shares what he considers to be his key successes and disappointments as Director, describes his relationship with the Trump Administration, responds to criticism of his use of the CFPB’s enforcement authority, offers his prediction for how SCOTUS will rule in Seila Law, and discusses the abusiveness standard and creation of state mini-CFPBs.

Columbus Dispatch freelance reporter Nancy Gilson Braverman speaks with Richard Cordray regarding his new book “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy.” During this we hear about Cordray’s time spent as the director of the Consumer Financial Protection Bureau, what he accomplished during his time as director, and what this book has to offer readers.

Did you know that named his son after Napoleon Hill the best-selling self-help author of Think and Grow Rich? On today’s show Bucky Cordray, Dr. Breck and Jason Beasley join Clay to share why. 

Are you looking to start a business model focused on helping and working with distressed real estate sellers? Bucky Cordray shares with you the ins and outs of the distressed real estate industry.

Top Stories: - DA makes conviction in sexual assault case dating back six years- Trial scheduled for April 27 for accused killers of Kason Guyton- PG&E moving forward with more power shutoffs for 179,000 customers in 17 counties, including Kern

In mid-March, the payday lending industry held its annual convention at the Trump National Doral hotel outside Miami. Payday lenders offer loans on the order of a few hundred dollars, typically to low-income borrowers, who have to pay them back in a matter of weeks. The industry has been long been reviled by critics for charging stratospheric interest rates — typically 400% on an annual basis — that leave customers trapped in cycles of debt. The industry had felt under siege during the Obama administration, as the federal government moved to clamp down. A government study found that a majority of payday loans are made to people who pay more in interest and fees than they initially borrow. Google and Facebook refuse to take the industry’s ads. On the edge of the Doral’s grounds, as the payday convention began, a group of ministers held a protest “pray-in,” denouncing the lenders for having a “feast” while their borrowers “suffer and starve.” But inside the hotel, in a wood-paneled bar under golden chandeliers, the mood was celebratory. Payday lenders, many dressed in golf shirts and khakis, enjoyed an open bar and mingled over bites of steak and coconut shrimp. They had plenty to be elated about. A month earlier, Kathleen Kraninger, who had just finished her second month as director of the federal Consumer Financial Protection Bureau, had delivered what the lenders consider an epochal victory: Kraninger announced a proposal to gut a crucial rule that had been passed under her Obama-era predecessor. Payday lenders viewed that rule as a potential death sentence for many in their industry. It would require payday lenders and others to make sure borrowers could afford to pay back their loans while also covering basic living expenses. Banks and mortgage lenders view such a step as a basic prerequisite. But the notion struck terror in the payday lenders. Their business model relies on customers — 12 million Americans take out payday loans every year, according to Pew Charitable Trusts —  getting stuck in a long-term cycle of debt, experts say. A CFPB study found that three out of four payday loans go to borrowers who take out 10 or more loans a year. Now, the industry was taking credit for the CFPB’s retreat. As salespeople, executives and vendors picked up lanyards and programs at the registration desk by the Doral’s lobby, they saw a message on the first page of the program from Dennis Shaul, CEO of the industry’s trade group, the Community Financial Services Association of America, which was hosting the convention. “We should not forget that we have had some good fortune through recent regulatory and legal developments,” Shaul wrote. “These events did not occur by accident, but rather are due in large part to the unity and participation of CFSA members and a commitment to fight back against regulatory overreach by the CFPB.” This year was the second in a row that the CFSA held its convention at the Doral. In the eight years before 2018 (the extent for which records could be found), the organization never held an event at a Trump property. Asked whether the choice of venue had anything to do with the fact that its owner is president of the United States and the man who appointed Kraninger as his organization’s chief regulator, Shaul assured ProPublica and WNYC that the answer was no. “We returned because the venue is popular with our members and meets our needs,” he said in a written statement. The statement noted that the CFSA held its first annual convention at the Doral hotel more than 16 years ago. Trump didn’t own the property at the time. The CFSA and its members have poured a total of about $1 million into the Trump Organization’s coffers through the two annual conferences, according to detailed estimates prepared by a corporate event planner in Miami and an executive at a competing hotel that books similar events. Those estimates are consistent with the CFSA’s most recent available tax filing, which reveals that it spent $644,656 on its annual conference the year before the first gathering at the Trump property. (The Doral and the CFSA declined to comment.) “It’s a way of keeping themselves on the list, reminding the president and the people close to him that they are among those who are generous to him with the profits that they earn from a business that’s in severe danger of regulation unless the Trump administration acts,” said Lisa Donner, executive director of consumer group Americans for Financial Reform. The money the CFSA spent at the Doral is only part of the ante to lobby during the Trump administration. The payday lenders also did a bevy of things that interest groups have always done: They contributed to the president’s inauguration and earned face time with the president after donating to a Trump ally. But it’s the payment to the president’s business that is a stark reminder that the Trump administration is like none before it. If the industry had written a $1 million check directly to the president's campaign, both the CFSA and campaign could have faced fines or even criminal charges — and Trump couldn’t have used the money to enrich himself. But paying $1 million directly to the president’s business? That’s perfectly legal. *** The inauguration of Donald Trump was a watershed for the payday lending industry. It had been feeling beleaguered since the launch of the CFPB in 2011. For the first time, the industry had come under federal supervision. Payday lending companies were suddenly subject to exams conducted by the bureau’s supervision division, which could, and sometimes did, lead to enforcement cases. Before the bureau was created, payday lenders had been overseen mostly by state authorities. That left a patchwork: 15 states in which payday loans were banned outright, a handful of states with strong enforcement — and large swaths of the country in which payday lending was mostly unregulated. Then, almost as suddenly as an aggressive CFPB emerged, the Trump administration arrived with an agenda of undoing regulations. “There was a resurgence of hope in the industry, which seems to be justified, at this point,” said Jeremy Rosenblum, a partner at law firm Ballard Spahr, who represents payday lenders. Rosenblum spoke to ProPublica and WNYC in a conference room at the Doral — filled with notepads, pens and little bowls of candy marked with the Trump name and family crest — where he had just led a session on compliance with federal and state laws. “There was a profound sense of relief, or hope, for the first time.” (Ballard Spahr occasionally represents ProPublica in legal matters.)   In Mick Mulvaney, who Trump appointed as interim chief of the CFPB in 2017, the industry got exactly the kind of person it had hoped for. As a congressman, Mulvaney had famously derided the agency as a “sad, sick” joke. If anything, that phrase undersold Mulvaney’s attempts to hamstring the agency as its chief. He froze new investigations, dropped enforcement actions en masse, requested a budget of $0 and seemed to mock the agency by attempting to officially re-order the words in the organization’s name. But Mulvaney’s rhetoric sometimes exceeded his impact. His budget request was ignored, for example; the CFPB’s name change was only fleeting. And besides, Mulvaney was always a part-timer, fitting in a few days a week at the CFPB while also heading the Office of Management and Budget, and then moving to the White House as acting chief of staff. It’s Mulvaney’s successor, Kraninger, whom the financial industry is now counting on — and the early signs suggest she’ll deliver. In addition to easing rules on payday lenders, she has continued Mulvaney’s policy of ending supervisory exams on outfits that specialize in lending to the members of the military, claiming that the CFPB can do so only if Congress passes a new law granting those powers (which isn’t likely to happen anytime soon). She has also proposed a new regulation that will allow debt collectors to text and email debtors an unlimited number of times as long as there’s an option to unsubscribe. Enforcement activity at the bureau has plunged under Trump. The amount of monetary relief going to consumers has fallen from $43 million per week under Richard Cordray, the director appointed by Barack Obama, to $6.4 million per week under Mulvaney and is now $464,039, according to an updated analysis conducted by the Consumer Federation of America’s Christopher Peterson, a former special adviser to the bureau. Kraninger’s disposition seems almost the inverse of Mulvaney’s. If he’s the self-styled “right wing nutjob”  willing to blow up the institution and everything near it, Kraninger offers positive rhetoric — she says she wants to “empower” consumers — and comes across as an amiable technocrat. At 44, she’s a former political science major — with degrees from Marquette University and Georgetown Law School — and has spent her career in the federal bureaucracy, with a series of jobs in the Transportation and Homeland Security departments and finally in OMB, where she worked under Mulvaney. (In an interview with her college alumni association, she hailed her Jesuit education and cited Pope Francis as her “dream dinner guest.”) In her previous jobs, Kraninger had extensive budgeting experience, but none in consumer finance. The CFPB declined multiple requests to make Kraninger available for an interview and directed ProPublica and WNYC to her public comments and speeches. Kraninger is new to public testimony, but she already seems to have developed the politician’s skill of refusing to answer difficult questions. At a hearing in March just weeks before the Doral conference, Democratic Rep. Katie Porter repeatedly asked Kraninger to calculate the annual percentage rate on a hypothetical $200 two-week payday loan that costs $10 per $100 borrowed plus a $20 fee. The exchange went viral on Twitter. In a bit of congressional theater, Porter even had an aide deliver a calculator to Kraninger’s side to help her. But Kraninger would not engage. She emphasized that she wanted to conduct a policy discussion rather than a “math exercise.” The answer, by the way: That’s a 521% APR. A while later, the session recessed and Kraninger and a handful of her aides repaired to the women’s room. A ProPublica reporter was there, too. The group lingered, seeming to relish what they considered a triumph in the hearing room. “I stole that calculator, Kathy,” one of the aides said. “It’s ours! It’s ours now!” Kraninger and her team laughed.   *** Triple-digit interest rates are no laughing matter for those who take out payday loans. A sum as little as $100, combined with such rates, can lead a borrower into long-term financial dependency. That’s what happened to Maria Dichter. Now 73, retired from the insurance industry and living in Palm Beach County, Florida, Dichter first took out a payday loan in 2011. Both she and her husband had gotten knee replacements, and he was about to get a pacemaker. She needed $100 to cover the co-pay on their medication. As is required, Dichter brought identification and her Social Security number and gave the lender a postdated check to pay what she owed. (All of this is standard for payday loans; borrowers either postdate a check or grant the lender access to their bank account.) What nobody asked her to do was show that she had the means to repay the loan. Dichter got the $100 the same day. The relief was only temporary. Dichter soon needed to pay for more doctors’ appointments and prescriptions. She went back and got a new loan for $300 to cover the first one and provide some more cash. A few months later, she paid that off with a new $500 loan. Dichter collects a Social Security check each month, but she has never been able to catch up. For almost eight years now, she has renewed her $500 loan every month. Each time she is charged $54 in fees and interest. That means Dichter has paid about $5,000 in interest and fees since 2011 on what is effectively one loan for $500. Today, Dichter said, she is “trapped.” She and her husband subsist on eggs and Special K cereal. “Now I’m worried,” Dichter said, “because if that pacemaker goes and he can’t replace the battery, he’s dead.” Payday loans are marketed as a quick fix for people who are facing a financial emergency like a broken-down car or an unexpected medical bill. But studies show that most borrowers use the loans to cover everyday expenses. “We have a lot of clients who come regularly,” said Marco (he asked us to use only his first name), a clerk at one of Advance America’s 1,900 stores, this one in a suburban strip mall not far from the Doral hotel. “We have customers that come two times every month. We’ve had them consecutively for three years.” These types of lenders rely on repeat borrowers. “The average store only has 500 unique customers a year, but they have the overhead of a conventional retail store,” said Alex Horowitz, a senior research officer at Pew Charitable Trusts, who has spent years studying payday lending. “If people just used one or two loans, then lenders wouldn’t be profitable.” It was years of stories like Dichter’s that led the CFPB to draft a rule that would require that lenders ascertain the borrower’s ability to repay their loans. “We determined that these loans were very problematic for a large number of consumers who got stuck in what was supposed to be a short-term loan,” said Cordray, the first director of the CFPB, in an interview with ProPublica and WNYC. Finishing the ability-to-pay rule was one of the reasons he stayed on even after the Trump administration began. (Cordray left in November 2017 for what became an unsuccessful run for governor of Ohio.) The ability-to-pay rule was announced in October 2017. The industry erupted in outrage. Here’s how CFSA’s chief, Shaul, described it in his statement to us: “The CFPB’s original rule, as written by unelected Washington bureaucrats, was motivated by a deeply paternalistic view that small-dollar loan customers cannot be trusted with the freedom to make their own financial decisions. The original rule stood to remove access to legal, licensed small-dollar loans for millions of Americans.” The statement cited an analysis that “found that the rule would push a staggering 82 percent of small storefront lenders to close.” The CFPB estimated that payday and auto title lenders — the latter allow people to borrow for short periods at ultra-high annual rates using their cars as collateral —  would lose around $7.5 billion as a result of the rule. *** The industry fought back. The charge was led by Advance America, the biggest brick-and-mortar payday lender in the United States. Its CEO until December, Patrick O’Shaughnessy, was the chairman of the CFSA’s board of directors and head of its federal affairs committee. The company had already been wooing the administration, starting with a $250,000 donation to the Trump inaugural committee. (Advance America contributes to both Democratic and Republican candidates, according to spokesperson Jamie Fulmer. He points out that, at the time of the $250,000 donation, the CFPB was still headed by Cordray, the Obama appointee.) Payday and auto title lenders collectively donated $1.3 million to the inauguration. Rod and Leslie Aycox from Select Management Resources, a Georgia-based title lending company, attended the Chairman’s Global Dinner, an exclusive inauguration week event organized by Tom Barrack, the inaugural chairman, according to documents obtained by “Trump, Inc.” President-elect Trump spoke at the dinner. In October 2017, Rod Aycox and O’Shaughnessy met with Trump when he traveled to Greenville, South Carolina, to speak at a fundraiser for the state’s governor, Henry McMaster. They were among 30 people who were invited to discuss economic development after donating to the campaign, according to the The Post and Courier. (“This event was only about 20 minutes long,” said the spokesperson for O’Shaughnessy’s company, and the group was large. “Any interaction with the President would have been brief.” The Aycoxes did not respond to requests for comment.) In 2017, the CFSA spent $4.3 million advocating for its agenda at the federal and state level, according to its IRS filing. That included developing “strategies and policies,” providing a “link between the industry and regulatory decision makers” and efforts to “educate various state policy makers” and “support legislative efforts which are beneficial to the industry and the public.” The ability-to-pay rule technically went into effect in January 2018, but the more meaningful date was August 2019. That’s when payday lenders could be penalized if they hadn’t implemented key parts of the rule Payday lenders looked to Mulvaney for help. He had historically been sympathetic to the industry and open to lobbyists who contribute money. (Jaws dropped in Washington, not about Mulvaney’s practices in this regard, but about his candor. “We had a hierarchy in my office in Congress,” he told bankers in 2018. “If you were a lobbyist who never gave us money, I didn’t talk to you. If you’re a lobbyist who gave us money, I might talk to you.”) But Mulvaney couldn’t overturn the ability-to-pay rule. Since it had been finalized, he didn’t have the legal authority to reverse it on his own. Mulvaney announced that the bureau would begin reconsidering the rule, a complicated and potentially lengthy process. The CFPB, under Cordray, had spent five years researching and preparing it. Meanwhile, the payday lenders turned to Congress. Under the Congressional Review Act, lawmakers can nix federal rules during their first 60 days in effect. In the House, a bipartisan group of representatives filed a joint resolution to abolish the ability-to-pay rule. Lindsey Graham, R-S.C., led the charge in the Senate. But supporters couldn’t muster a decisive vote in time, in part because opposition to payday lenders crosses party lines. By April 2018, the CFSA members were growing  impatient. But the Trump administration was willing to listen. The CFSA’s Shaul was granted access to a top Mulvaney lieutenant, according to “Mick Mulvaney’s Master Class in Destroying a Bureaucracy From Within” in The New York Times Magazine, which offers a detailed description of the behind-the scenes maneuvering. Shaul told the lieutenant that the CFSA had been preparing to sue the CFPB to stop the ability-to-pay rule “but now believed that it would be better to work with the bureau to write a new one.” Cautious about appearing to coordinate with industry, according to the article, the CFPB was non-committal. Days later, the CFSA sued the bureau. The organization’s lawyers argued in court filings that the bureau’s rules “defied common sense and basic economic analysis.” The suit claimed the bureau was unconstitutional and lacked the authority to impose rules. A month later, Mulvaney took a rare step, at least, for most administrations: He sided with the plaintiffs suing his agency. Mulvaney filed a joint motion asking the judge to delay the ability-to-pay rule until the lawsuit is resolved. By February of this year, Kraninger had taken charge of the CFPB and proposed to rescind the ability-to-pay rule. Her official announcement asserted that there was “insufficient evidence and legal support” for the rule and expressed concern that it “would reduce access to credit and competition.”   Kraninger’s announcement sparked euphoria in the industry. One industry blog proclaimed, “It’s party time, baby!” with a GIF of President Trump bobbing his head. Kraninger’s decision made the lawsuit largely moot. But the suit, which has been stayed, has still served a purpose: This spring, a federal judge agreed to freeze another provision of the regulation, one that limits the number of times a lender can debit a borrower’s bank account, until the fate of the overall rule is determined. As the wrangling over the federal regulation plays out, payday lenders have continued to lobby statehouses across the country. For example, a company called Amscot pushed for a new state law in Florida last year. Amscot courted African American pastors and leaders located in the districts of dozens of Democratic lawmakers and chartered private jets to fly them to Florida’s capital to testify, according to the Tampa Bay Times. The lawmakers subsequently passed legislation creating a new type of payday loan, one that can be paid in installments, that lets consumers borrow a maximum $1,000 loan versus the $500 maximum for regular payday loans. Amscot CEO Ian MacKechnie asserts that the new loans reduce fees (consumer advocates disagree). He added, in an email to ProPublica and WNYC: “We have always worked with leaders in the communities that we serve: both to understand the experiences of their constituents with regard to financial products; and to be a resource to make sure everyone understands the law and consumer protections. Educated consumers are in everyone’s interest.” For their part, the leaders denied that Amscot’s contributions affected their opinions. As one of them told the Tampa Bay Times, the company is a “great community partner.” *** Kraninger spent her first three months in office embarking on a “listening tour.” She traveled the country and met with more than 400 consumer groups, government officials and financial institutions. Finally, in mid-April, she gave her first public speech at the Bipartisan Policy Center in Washington, D.C. The CFPB billed it as the moment she would lay out her vision for the agency. Kraninger said she hoped to use the CFPB’s enforcement powers “less often.” She alluded to a report by the Federal Reserve that 40% of Americans would not be able to cover an emergency expense of $400. Her suggestion for addressing that: educational videos and a booklet. “To promote effective approaches to savings and particularly emergency savings,” Kraninger explained, “the Bureau recently launched our Start Small, Save Up initiative. It offers tips, tools and information to help consumers build a basic savings cushion and develop a savings habit. Later this year, we will be launching a savings ‘boot camp,’ a series of videos, and a very readable, informative booklet that serves as a roadmap to a savings plan.” Having laid out what sounded like a plan to hand out self-help brochures at an agency invented to pursue predatory financial institutions, she then said, “Let me be clear, however, the ultimate goal for the bureau is not to produce booklets and great content on our website. The ultimate goal is to move the needle on the number of Americans in this country who can cover a financial shock, like a $400 emergency.” Back at the Doral the month before her speech, $400 might not have seemed like much of an emergency to the payday lenders. Some attendees seemed most upset by a torrential downpour on the second day that caused the cancellation of the conference’s golf tournament. Inside the Donald J. Trump Ballroom, the conference buzzed with activity. The Bush-era political adviser Karl Rove was the celebrity speaker after the breakfast buffet. And the practical sessions continued apace. One was called “The Power of the Pen.” It was aimed at helping attendees submit comments on the ability-to-pay rule to the government. It was clearly a matter of importance to the CFSA. In his statement to ProPublica and WNYC, Shaul noted that “more than one million customers submitted comments opposing the CFPB’s original small-dollar loan rule — hundreds of thousands of whom sent handwritten letters telling personal stories of how small-dollar loans helped them and their families.” A couple of months after the Doral conference, Allied Progress, a consumer advocacy group, analyzed the new round of comments that were submitted to the CFPB in response to Kraninger’s plans. Because, the group said, the industry had been accused of submitting “duplicative comments” in the past, it searched for such repetitions in the latest round. In one sample of 26,000 comments, the group discovered that 27% of the statements submitted by purportedly independent individuals contained duplicative passages, all of which supported the industry’s position, and also included identical personal anecdotes. (Payday opponents have encouraged people to submit preprinted comments to the CFPB, but there’s no indication that they include matching personal details.) For example, Allied Progress reported that 221 of the comments stated that “I have a long commute to work and it’s better for me financially to borrow from Cash Connection so that I can still make it to work than to not take care of my car and lose my job because of absences.” There were 201 asserting that “I now take care of my parents and my children” and I “want to be able to enjoy life and not feel burdened by the additional expenses that are piling up.” Allied Progress said it doesn’t know “if these are fake people, fake stories, or form letters intentionally designed to read as personal anecdotes.” (Cash Connection couldn’t be reached for comment.) Taking account of public comments is the final task before Kraninger officially determines whether to put the ability-to-pay rule to death. Whatever she decides, it’s a likely bet that decision will be challenged in court, the CFSA will weigh in and the payday lenders will still be talking about it at next year’s annual conference. A spokesperson for the CFSA declined to say whether the event will be held at a Trump hotel.   Clarification: This article has been updated to clarify the methodology Allied Progress used in searching for duplicative comments to the CFPB and to explain how duplicative pro-payday-lender comments differed from efforts by anti-payday-loan advocates to encourage people to submit prewritten comments.  

Ashley Cordray and Michael Cordray own a real estate renovation company that specializes in restoring homes from the late 19th and early 20th centuries. They are working with homes near the brink of destruction in their home town of Galveston, Texas, with hopes of restoring the island’s history and architectural styles. We recorded this episode from what is soon to be their first Airbnb, The Kettle House, which is a local landmark (it’s so famous that it’s a square in the local version of Monopoly). But here’s what makes the Cordrays two even cooler: their incredible story!! They met in 2010, at work, and then started dating in 2011. Two months later, they decided to move in together and purchase a fixer-upper in Galveston. In 2015, they were approached by a production company who knew they had the right stuff for a TV show – and Big Texas Fix is about to start airing its first season on the HGTV in June 2019 (you can already watch it on Amazon, though)! To learn more, and for the complete show notes, visit: https://thanksforvisiting.me/ Resources: Learn more at (https://save1900.com/) Watch Big Texas Fix: https://www.hgtv.com/shows/big-texas-fix S1E7, “The Kettle House”: https://www.amazon.com/Big-Texas-Fix-Season-1/dp/B07QDGZ4NQ Instagram: https://www.instagram.com/SAVE1900/ Facebook: https://www.facebook.com/SAVE1900 Stay in The Kettle House: https://abnb.me/2IHrWKi1YW Thanks for Visiting is a production of Crate Media

Richard Cordray, was the first Director of the Consumer Financial Protection Bureau, which was formed in the wake of the Great Recession as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In his five years leading the CFPB, Cordray was tasked with making sure consumers were no longer harmed by the actions of banks, lenders, and other financial institutions. In 2017, Cordray returned to his home state of Ohio where he had previously served as State Treasurer and Attorney General, to run for governor. Mr. Cordray was the Wharton PPI 2019 Public Policy Visiting Fellow and joined Dan Loney in the studio for a special interview. See acast.com/privacy for privacy and opt-out information.

In this podcast, we take a close look at the CFPB’s findings on ancillary product refunds by auto loan servicers in the event of total loss or repossession, consider such findings’ implications for early payoffs and a servicer’s duty to request refunds, and share observations on how the CPPB’s use of its UDAAP authority has changed under post-Cordray leadership and what that means for a company’s approach to compliance.    

In this episode of Case in Point, Distinguished Policy Fellow Richard Cordray, the Inaugural Director of the U.S. Consumer Financial Protection Bureau (CFPB), sat down with Penn Law's Cary Coglianese, the Edward B. Shils Professor of Law, to discuss consumer protection.

On the latest episode, James Ballentine, head of congressional affairs for ABA, joins Elizabeth Coit, who leads the ABA Voter Education Fund, to discuss the results of the 2018 midterm elections, which saw Democrats seize a House majority while Republicans expanded their Senate majority, and their implications for bankers.  The guests talk with hosts Joan Gregory Saenz and Shaun Kern about the results in key races, including the races in which ABA participated via independent expenditures made through the VEF. They also talk about the new composition and agenda of the House Financial Services Committee under Democratic leadership, the chance of leadership changes on the Senate Banking Committee and the possibility for bipartisan compromises following the loss of a few key moderate lawmakers. 

This episode comes to you on Election Day, so first of all GO VOTE! We chopped it up on a variety of topics relevant to this pivotal day including - How many of our governments processes and laws are outdated and need amending- The lack of technology and science in our governing bodies- How voter suppression highlights how your vote does matter- The various effects of the social media age on politicians and elections- The importance of Issue 1 in Ohio- The potential of Millenials in office- Whether or not the Republican party will eventually stray from extremism- The hope Bernie Sanders instillsAnd MUCH more!

Election Day is just over a week away. One of your biggest choices, if you’ve not already cast your ballot, is to decide who will serve the next four years as governor of Ohio. Today, you get to hear from democratic candidate Richard Cordray. Mr. Cordray’s visit follows up last week’s show with republican candidate Mike DeWine. What are Ohio’s biggest issues and how will they be handled? Hear what Richard Cordray has to say, on Town Hall Ohio.

NARAL’s The Morning After is a production of NARAL Pro-Choice Ohio. This week, Kelley, Vashitta, and Gabe discuss the second debate between Rich Cordray and Mike DeWine. While the second debate didn’t have an abortion question like the first debate, there was an important discussion of rape kit testing. Find info on upcoming events on our Facebook event […]

Bill and Mike got your Thursday jumping with Indians Leave For Houston-Browns VS Ravens-Dewine-Cordray Interview-FBI confidential Kavanaugh report-McConnell filed cloture, an action that moves the Senate closer to a confirmation vote-Beer News-Travel News

NARAL's The Morning After is a production of NARAL Pro-Choice Ohio. This week, Kelley, Vashitta, and Gabe discuss the second debate between Rich Cordray and Mike DeWine. While the second debate didn't have an abortion question like the first debate, there was an important discussion of rape kit testing. Find info on upcoming events on our Facebook event page: https://www.facebook.com/pg/NARALProChoiceOhio/events/ 

Debate #2 for Ohio's Gubernatorial Candidates

Obama urged supporters here to not only back Cordray but to also rally voters to back the nominee regardless of party.

NARAL's The Morning After is a production of NARAL Pro-Choice Ohio. This week, Kelley, Jaime, and Gabe discuss the 2018 Primary Election, including the big win for Richard Cordray and Betty Sutton — nominees for governor and lieutenant governor.  NARAL Pro-Choice Ohio endorsed Cordray/Sutton, in addition to statewide candidates and 36 candidates for the Ohio legislature. Find our full list of endorsements. Join NARAL Pro-Choice Ohio at an event near you: https://www.facebook.com/pg/NARALProChoiceOhio/events/

NARAL’s The Morning After is a production of NARAL Pro-Choice Ohio. This week, Kelley, Jaime, and Gabe discuss the 2018 Primary Election, including the big win for Richard Cordray and Betty Sutton — nominees for governor and lieutenant governor. NARAL Pro-Choice Ohio endorsed Cordray/Sutton, in addition to statewide candidates and 36 candidates for the Ohio legislature. […]

We've endorsed Cordray/Sutton! This week, Kelley, Jaime, and Vashitta discuss the new endorsements from NARAL Pro-Choice Ohio. After careful consideration — including survey responses from our members — our board of directors has voted to endorse Richard Cordray for governor and Betty Sutton for Lt. Governor!

NARAL’s The Morning After is a production of NARAL Pro-Choice Ohio. This week, Kelley, Jaime, and Vashitta discuss the new endorsements from NARAL Pro-Choice Ohio. After careful consideration — including survey responses from our members — our board of directors has voted to endorse Richard Cordray for governor and Betty Sutton for Lt. Governor! With so much […]

Public affairs editor Darrel Rowland and reporter Marty Schladen speak with gubernatorial candidate Bill O’Neill on his explanation of his recent controversial Facebook post, his thoughts on the legalization of marijuana in Ohio, and his stance on football players taking a knee during the national anthem. Next we talk about how O’Neill stands out from the other democrats running for governor, explain why he didn’t drop out of the race after Cordray entered, and discuss his policy on education and charter schools. 

Brownstein attorneys Travis Norton and Milan Dalal join Strategic Advisor Mark Begich to provide their take on Mick Mulvaney, now acting head of the Consumer Financial Protection Bureau, consent orders from the Cordray regime, the role state attorneys general could play in consumer protection and how regulators and policy makers are reacting to cryptocurrency.

Following the resignation of Consumer Financial Protection Bureau Director Richard Cordray, there has been much confusion surrounding the future of the CFPB and its leadership. Cordray named Leandra English as the agency's interim head, shortly before President Donald Trump named Office of Management and Budget Director Mick Mulvaney to the position, which ensued chaos. However, on the evening of Nov. 28, amid a battle of who would be the agency's interim head, U.S. District Judge Timothy Kelly ruled in favor of the White House. In this episode of The Roadmap, Lucy Morris, partner in the Washington, D.C., office of Hudson Cook LLC, offers her insight into the CFPB leadership chaos, and advice for lenders in the short and long term. Morris also voices her opinion on who could be the permanent replacement for Cordray, and in what ways the CFPB could potentially change -- or not change -- under new leadership.

When CFPB Director Richard Cordray resigns in two weeks, will the agency grind to a halt? Kate Berry shares the latest on the embattled agency.

Richard Cordray will leave his post as head of the Consumer Financial Protection Bureau. Does this mean the agency can finally be scrapped? Thaya Brook Knight comments. See acast.com/privacy for privacy and opt-out information.

Cordray is still keeping everyone guessing about whether he is staying or running for governor of Ohio. And Republicans could weaken the agency by putting one of their own in charge and rolling back many of the rules it’s set.

31 July 2017 - We were incredibly lucky to have just the right interview guest at just the right time, Amanda Werner (@wamandajd), Arbitration Campaign Manager for Americans for Financial Reform & Public Citizen, was with us to talk about the dangerous efforts, by Congress, to overturn the new arbitration rule just published by the Consumer Finance Protection Bureau (CFPB). In the first half of the interview Amanda gets into some great detail about why forced arbitration is problematic and why some communities are particularly impacted. In the second half we get into the politics of the rule and explain why it is essential that you get involved in this very winnable fight. At the top of the show I talk with Will a bit about the letter sent by the American Psychoanalytic Association to its members clarifying their long-held position that as medical professionals they have a "duty to warn" and that they see this duty as particularly relevant due to the observable behavior of President Trump. And speaking of observable, impulsive, antagonistic, aggressive behavior... This week Trump thought he could change DoD policy with a 140 character tweet in which he attempted to ban transgendered individuals from serving in the armed forces...where they are already serving...by the thousands. The Pentagon was blindsided and made it clear that DoD policy is not now and never will be issued via tweet. Will spoke both about the organizational issues and the personal struggles of the trans community. Trump's efforts to feed hatred are despicable and, frankly, just another bit of evidence that he is mentally ill and unfit to serve as president. Just before the interview with Amanda Werner, I reviewed the mission and successes of the CFPB. I also talk a bit about their enemies. In government, of course, no good deed goes unpunished so Congressman Jeb Hensarling, in an especially personal and vicious manner, is directly attacking CFPB Director Richard Cordray. Hensarling really despises Cordray because Cordray is so good at his job. Which is proof that it is absolutely essential that, like other regulators, the CFPB remain insulated from the political process as much as is reasonable. The GOP is looking for every possible opening to diminish this critically important agency. As we did with the ACA, we must, we simply MUST fight to defend the CFPB at every turn. And so it goes. No rest for the victorious! Carrots! - Arliss

With a new rule in place, consumers can band together against financial institutions.

Welcome to the Tearsheet Podcast. I'm Zack Miller. If you want to drill deeper into the topics we discuss weekly here on the show, check out our latest event, Tearsheet Money. We'll be convening June 5th in New York City to hear about the state of the art in fintech and read some of the industry tea leaves with talks from senior executives at firms like JP Morgan, BlackRock, Silicon Valley Bank, Umqua Bank, and Citizens. I'm excited — I hope you'll join us. Go to www.tearsheet.co/events (http://www.tearsheet.co/events) to learn more. I think you can still qualify for early pricing. One of the things that actually becomes more complicated as we increasingly move to digital is document management. I don't know about you but as I opt out of paper statements, I'm finding it harder and harder to stay on top of my investment, banking, insurance and payment accounts. I even find myself printing things out again. Today's guest Chuck Cordray, CEO of digital document distribution company, Inlet. Inlet is a joint venture between well-known brands in the finance industry, Broadridge and Pitney Bowes. We talk about Chuck's transition from the media industry into finance, how the joint venture works, and really try to figure, where we are on the adoption curve for companies — and all of us — to go paperless and what we need to really make it happen. You can get this episode of the podcast, as well as 150 previous episodes in our archive, at our website, www.tearsheet.co. If you get value out of these episodes, please take a minute to rate us on iTunes. Doing so, helps other people find us. We're also available on SoundCloud. Also, if you're not signed up for our newsletter, subscribe now. 10,000 industry professionals read our Tearsheet newsletter every week to explore the impact technology is having on the financial services industry. Go to www.tearsheet.co/subscribe Here's Chuck.

Julia Cordray is pioneering her 3rd innovative company; Peeple App, that has received global and viral attention from media, investors, and the public. Her mission is to re-invent and innovate the recruitment industry as a whole. She began her recruitment career by building, Career Fox; aimed at finding dream jobs for employees. Career Fox developed a proprietary recruitment process that leads to a 96% successful placement rate. Now Julia and her companies have innovated again and made Peeple, an app; which is the next generation of online reputation management and connects people through their professional, personal, and dating relationships.

Julia Cordray is pioneering her 3rd innovative company; Peeple App, that has received global and viral attention from media, investors, and the public. Her mission is to re-invent and innovate the recruitment industry as a whole. She began her recruitment career by building, Career Fox; aimed at finding dream jobs for employees. Career Fox developed a proprietary recruitment process that leads to a 96% successful placement rate. Now Julia and her companies have innovated again and made Peeple, an app; which is the next generation of online reputation management and connects people through their professional, personal, and dating relationships.

Co-host and personal development coach, Kristen Knepper, speaks with Julia Cordray: CEO and Co-founder of the controversial Peeple App, speaks about her core beliefs and desire to uplift others. Committed to her purpose and willing to take necessary risks, Julia is a rock star example of one who turns fear into fuel. More at www.bemovingforward.com.  

 In this episode, we recap key concepts that were covered in episode 17 with Instagram expert Alex Tooby and episode 22 with certified therapist John Cordray.

Récréation Sonore reçoit ce soir Raphaël Cordray, directeur artistique de l'association Microphone. Créée en 2006 à Lyon et fondée sur le développement de la création sonore, Microphone a pour objectif de porter la parole des témoins de notre temps. Il s'agit là de créer une mémoire commune, que chacun partage et se ré approprie. Les projets de Microphone font souvent l'objet de projections dans l'espace public, de créations et d'installations sonores. Guitariste et musicien électroacoustique, Raphaël Cordray rencontre femmes et hommes, recueille leur parole et capture l'image sonore de leur quotidien. Le résultat, des sujets mêlant récits et compositions à base d'instruments traditionnels et d'éléments électroniques, comme dans Le Voyageur perdu revient à la Source. Ce documentaire, qui s'intéresse à l'histoire de l'immigration vietnamienne en région Rhône-Alpes, présente de nombreux récits de Vietnamiens habitant en Isère. Retrouvez Microphone sur Facebook : https://www.facebook.com/people/Microphone-Porter-la-Parole Retrouvez en fin d'émission le Journal de la Création Sonore de Joyce-Conroy Aktouche. Une émission préparée et présentée par François Bordonneau.

Récréation Sonore reçoit ce soir Raphaël Cordray, directeur artistique de l'association Microphone. Créée en 2006 à Lyon et fondée sur le développement de la création sonore, Microphone a pour objectif de porter la parole des témoins de notre temps. Il s'agit là de créer une mémoire commune, que chacun partage et se ré approprie. Les projets de Microphone font souvent l'objet de projections dans l'espace public, de créations et d'installations sonores. Guitariste et musicien électroacoustique, Raphaël Cordray rencontre femmes et hommes, recueille leur parole et capture l'image sonore de leur quotidien. Le résultat, des sujets mêlant récits et compositions à base d’instruments traditionnels et d’éléments électroniques, comme dans Le Voyageur perdu revient à la Source. Ce documentaire, qui s’intéresse à l’histoire de l'immigration vietnamienne en région Rhône-Alpes, présente de nombreux récits de Vietnamiens habitant en Isère. Retrouvez Microphone sur Facebook : https://www.facebook.com/people/Microphone-Porter-la-Parole Retrouvez en fin d'émission le Journal de la Création Sonore de Joyce-Conroy Aktouche. Une émission préparée et présentée par François Bordonneau.

In this episode, I interview John P. Cordray from The John Cordray Show.  This episode was recorded on a new platform called Blab in front of a live audience.  John gives solid advice on how you can gain confidence in yourself, deal with mental stress and challenges, and how telling your story can help you resonate with the people your business affects.

Joining the broadcast today to discuss the new qualified mortgage rules is Chris Whalen, Executive Vice President and Managing Director for Carrington Holding Company.  Carrington operates in virtually every aspect of the real estate and mortgage space.  Chris currently writes a twice weekly column, Washington & Wall Street, on the Breibart.com web site.  He also contributes articles to Zero Hedge, American Banker and The National Interest.  Chris has testified before Congress, the Securities and Exchange Commission and the Federal Deposit Insurance Corporation on a range of financial, economic and political issues and is a regular commentator on Bloomberg and other news organizations Lastly Chris is the author of the December 2010 book, “inflated: How Money and Debt Built the America Dream”.