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Richard Cordray: As CFPB Director, Cordray's single-director enforcement action against PHH Corp. (raising an initial $6 million fine to $109 million) was found by a D.C. Circuit panel to be an abuse of discretion; the same panel's ruling in PHH Corp. v. CFPB held the bureau's single-director structure unconstitutional.

Ruling · 2016

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This is one of 9 dated entries in Richard Cordray's record in office on this site, filed as a ruling dated 2016. The sentence above is the entry as this site states it; anyone else's reading of it is listed below in their words.

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Date
2016
Kind
ruling
What
As CFPB Director, Cordray's single-director enforcement action against PHH Corp. (raising an initial $6 million fine to $109 million) was found by a D.C. Circuit panel to be an abuse of discretion; the same panel's ruling in PHH Corp. v. CFPB held the bureau's single-director structure unconstitutional.

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  1. https://reason.com/2016/10/11/a-limited-victory-for-limited-government/
  2. https://www.housingwire.com/articles/41869-phh-vs-cfpb-cordray-wont-be-around-to-see-the-outcome-of-the-case/

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Cracked Buckeye, "Richard Cordray: As CFPB Director, Cordray's single-director enforcement action against PHH Corp. (raising an initial $6 million fine to $109 million) was found by a D.C. Circuit panel to be an abuse of discretion; the same panel's ruling in PHH Corp. v. CFPB held the bureau's single-director structure unconstitutional.", https://crackedbuckeye.com/people/richard-cordray/record/2016-as-cfpb-director-cordrays/, built 2026-10-31, accessed [date].

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