Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau

by Gary Kopycinski on January 18, 2013

Gary Kopycinski Author

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Mortgage Policy Press Call

Washington, D.C.–(ENEWSPF)–January 18, 2013

Thank you for joining me today to announce another of the Consumer Financial Protection Bureau’s new mortgage lending rules.

Just a few years ago, our country went through the greatest financial crisis since the Great Depression. One of the reasons for the collapse was that mortgage borrowers were steered towards high-cost and risky loans they had no real chance of paying back. Lenders did that because it…