Noteworthy Points from Cordray’s Testimony

Recap of several key points of CFPB Director Richard Cordray's remarks before the House Financial Services Committee, including the five-year review of ability-to-repay rules, the latest on the Small Business Review Panel to analyze rule-making regarding payday lenders, and whether he plans to bring the hammer down on day one of TILA-RESPA integrated disclosure rules on Aug. 1. [3/10/15]