Reform the CFPB and STOP Richard Cordray

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About

Bad Richard’s record of ripping off taxpayers

Richard Cordray is the head of one of America’s most corrupt government agencies the Consumer Financial Protection Bureau (CFPB).

The CFPB is doesn’t answer to Congress and it has been plagued by SCANDAL during Richard Cordray’s reign. 

In 2018, Richard Cordray is expected to run for Governor of Ohio, But before he leaves the CFPB he is trying to rush through new rules that will MASSIVELY benefit his trial lawyers friends.

You see, during Richard Cordray’s political careers he has received hundreds of thousands of dollars from trial lawyers, and now he’s ABUSING his power to put even more money into their pockets.

Get to know Cordray

Source: San Francisco Examiner, October 27, 2011

Achievements

Richie Rich ripping off taxpayers

Richard Cordray has used his unchecked power at the CFPB to:

  1. Pay staffers more than the VICE-PRESIDENT
  2. Build himself a luxury office that cost MORE than the Bellagio Casino
  3. Change rules will make his trial lawyer friends even RICHER

He gets away with this because when the when the CFPB was set up it wasn’t made accountable to anybody – not even the PRESIDENT, meaning that Richard Cordray can do whatever he likes with taxpayers’ dollars and no one can stop him.

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Source: San Francisco Examiner, October 27, 2011

Boss of America’s most corrupt agency

The CFPB was supposed to protect American consumers but its unchecked power has allowed it to become an agency where CORRUPTION and RACISM thrives. 

Richard Cordray has led the way in an agency where:

  1. Staffers are paid an average of $10,000 dollars every month
  2. Racial and gender discrimination complaints have TRIPLED
  3. Black employees are treated so poorly they compare it to a PLANTATION

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Latest Coverage

Forbes ragout

Source: Forbes, May 4, 2016

Forbes, May 4, 2016

One of the wealthiest and most powerful constituencies in the Democratic Party is about to get a huge favor from the Consumer Financial Protection Bureau as it announces new rules requiring financial companies to scrap arbitration contracts prohibiting their customers from participating in class actions.

The rule represents a hard-fought victory for plaintiff lawyers who have been thwarted by class waivers following a string of U.S. Supreme Court decisions upholding the legality of arbitration clauses. It will cover all manner of consumer finance including bank accounts, credit cards and car loans.

Full story...

Politico ragout2

Politico Pro, May 4, 2016

The House Financial Services Committee is investigating how the Consumer Financial Protection Bureau crafted a rule to be proposed tomorrow that would largely ban the use of arbitration agreements banks use in offers such as credit cards, bank accounts and car loans. In an April 20 letter provided to POLITICO, Rep. Sean Duffy wrote to CFPB Director Richard Cordray informing him of the investigation.

Duffy asked for communications between bureau officials and consumer advocacy and trial attorney groups including the American Associations for Justice, National Consumer Law Center, National Association of Consumer Advocates, Alliance for Justice, and Public Justice. Duffy also asked for internal memos and records. The rule is a threat to banks and other businesses that the bureau found in a study last year were using pre-dispute arbitration agreements to prevent borrowers from later bringing class-action claims in court.

Full story...

Take Action!

Reform the CFPB and STOP Richard Cordray

Stop Richard Cordray.

Stop his abuse of power.

Reform the CFPB NOW.

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