Ex-CFPB Director Cordray Pushing a Nationwide Repossession Moratorium to Congress

Former Director of the Consumer Financial protection Bureau (CFPB), Richard Cordray, issued a “White Paper” of proposals to current CFPB Director, Kathleen Kraninger as well as the two ranking House Financial Services Committee members and Senate Banking Committee members. Highlighting mitigation efforts that he feels should be implemented during the current COVID-19 Pandemic. Amongst those proposals, is a nationwide moratorium on repossession both during the crisis and it’s economic aftermath.

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