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Richard Cordray Mortgages Mortgage Lenders

McGuireWoods LLP

CFPB’s Richard Cordray Issues Warning to Vendors

McGuireWoods LLP on

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray recently issued a warning to mortgage technology vendors for a lack of compliance with the CFPB’s TILA-RESPA Integrated Disclosure (TRID) Rule. Addressing...more

Burr & Forman

PHH Wins Stay of $109M CFPB Enforcement Penalty

Burr & Forman on

On August 5, 2015, PHH Corp. (“PHH”) won a stay of the $109M penalty handed down by Consumer Financial Protection Bureau (“CFPB”) director Rich Cordray. Cordray’s aggressive legal reasoning and the harsh penalties he imposed,...more

McGuireWoods LLP

CFPB Director Cordray Touts Mortgage Servicing Progress, New Consumer Tools

McGuireWoods LLP on

At a January 13 Brookings Institution event, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray delivered remarks on the current state of the mortgage market....more

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