‘That’s a lawless way of proceeding’: Cordray on CFPB cuts | American Banker Podcast скачать в хорошем качестве

‘That’s a lawless way of proceeding’: Cordray on CFPB cuts | American Banker Podcast

Read more reporting and analysis on consumer protection, regulation, and the future of the CFPB at American Banker: https://www.americanbanker.com/subscribe Former CFPB Director Richard Cordray joins Penny Crosman to assess what the Consumer Financial Protection Bureau was built to do after the 2008 financial crisis—and what could be lost as the agency faces proposed funding and staffing cuts. Cordray discusses: What he witnessed during the mortgage crisis as Ohio’s Treasurer and Attorney General How the CFPB was built from scratch and why early mortgage rules reshaped the market How consumer complaints informed enforcement priorities and precedent-setting cases Why the Dodd-Frank Section 1033 data sharing rule centers on consumer control of financial data The debate over banks charging for data access and how fees can effectively block portability Whether other regulators can replace CFPB’s consumer-protection role Risks to consumers from newer products like stablecoins and rapidly evolving digital finance What CFPB should prioritize across mortgages, credit cards, auto loans, and student loans