Richard Cordray Quotes

The creation of a consumer agency, structured similarly to the Office of the Comptroller of the Currency, levels the playing field. It gives consumers a powerful advocate at the federal level.

My job at the CFPB, as President Obama told me when he interviewed me, was to stand on the side of people in the financial marketplace and see that they were treated fairly.

The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing.

The broken consumer credit market had to be repaired by making sure that consumers had the right information and could use it effectively. That meant consolidating the bloated patchwork of ineffective agencies and regulations so that a single agency could act as a voice for consumers.

For a long time, there had been no organization dedicated solely to going to toe-to-toe with the financial industry, on any issue, no matter how complex or obscure. That’s what we do

I think that if you're going after large banks and large financial companies to try to make sure people are being treated fairly, you're going to make some enemies, and you're going to make people uncomfortable.

We are fighting for an open and fair economy. We are fighting for the consumer. Someone needs to.

Perhaps the single most effective antagonist of American business is Ralph Nader, who - thanks largely to the media - has become a legend in his own time and an idol of millions of Americans.

Real choice is clear information and the right to walk away from a bad deal without leaving your wallet behind.

I know how tough it is to stand up to powerful forces that prey on consumers.

We think nothing of protecting consumers from faulty toasters or unsafe cars. Is it unreasonable to suggest that investors are entitled to information they can trust before investing their hard-earned money? I don't think it's unreasonable at all.

The Internet has leveled the investment playing field.

We need to be much more robust consumers.

As parents and as consumers, we have the right and the power to pressure the entertainment industry to respond to our needs. Americans, after all, should insist that every corporate giant - whether it produces chemicals or records - accept responsibility for what it produces.

As with products on supermarket shelves, the public has a right to know where their financial products and services come from.

Consumers get used to reading and understanding their credit card contracts, their mortgages, their check overdraft agreements, those are good things. That puts power back in the hands of consumers.

Our objective in regulation should be to put in place tough enough regulation and capital and liquidity standards that we level the playing field and make it costly.

Frankly, I do like the idea that we centralize consumer protection for financial products into one agency.

New Yorkers have been fortunate to have Andrew Cuomo as our Attorney General - protecting working New Yorkers against the banks, insurance companies and big corporations.

We're trying to improve the consumer financial marketplace one American at a time.

We need a president who will stand up for the CFPB and get it back into fighting shape. It is too important to be allowed to disintegrate.

Each consumer has the power of their wallet and their voice. They can exercise that.

The government has a key role in regulating and making sure there's an even playing field and protecting consumers. No question about it.

I actually thought that the marketplace was pretty imbalanced when the consumer bureau was first created and financial institutions did not have someone looking carefully over their shoulder to look after the interest of consumers.

We marked a milestone for consumer empowerment when we began to publish consumer complaint narratives which allow people to share in their own words their experiences in the consumer financial marketplace.