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Cordray Flops in Ohio Governor Race

Phil Hall
Nov 07, 2018
Richard Cordray, the first director of the Consumer Financial Protection Bureau (CFPB), is consulting with California Gov. Gavin Newsom on the creation of a state-level version of the federal regulatory agency

Richard Cordray, the former Director of the Consumer Financial Protection Bureau (CFPB), failed in his attempt to return to elected office, losing the race for Governor of Ohio to Republican Mike DeWine.
The Cordray-DeWine match-up was an encore of their 2010 election that saw DeWine unseat the incumbent Cordray as Ohio’s Attorney General, DeWine by a 50.7 percent majority to Cordray’s 46.4 percent, with the remaining votes split between Libertarian and Green Party candidates.
Cordray received help on his campaign with appearances by former President Barack Obama, who shoehorned Cordray into the CFPB role in a controversial recess appointment, and from CFPB architect Elizabeth Warren, who easily won re-election to her Massachusetts Senate seat over Republican rival Geoffrey Diehl by a 60.8 percent to 35.9 percent margin.

Nov 07, 2018
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
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CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
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CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
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CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
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FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
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FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021