Richard Cordray of Consumer Financial Protection Bureau is part of this year's Mortgage Professional America Hot 100.
RICHARD CORDRAY
DIRECTOR
CONSUMER FINANCIAL PROTECTION BUREAU
Since his appointment as director of the Consumer Financial Protection Bureau, Richard Cordray has faced a constant barrage of criticism from industry leaders who object to his more or less unilateral power over the agency. Currently, Cordray is facing a court challenge from PHH Mortgage, which is appealing a massive fine he levied against the company for engaging in kickbacks. The matter is set to come before the US District Court in April, and industry experts say a loss for the CFPB could go a long way toward stripping Cordray’s powers.
DIRECTOR
CONSUMER FINANCIAL PROTECTION BUREAU
Since his appointment as director of the Consumer Financial Protection Bureau, Richard Cordray has faced a constant barrage of criticism from industry leaders who object to his more or less unilateral power over the agency. Currently, Cordray is facing a court challenge from PHH Mortgage, which is appealing a massive fine he levied against the company for engaging in kickbacks. The matter is set to come before the US District Court in April, and industry experts say a loss for the CFPB could go a long way toward stripping Cordray’s powers.
