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Public Justice Statement on CFPB Director Richard Cordray

Earlier today, Richard Cordray, Director of the CFPB, announced he will be stepping down from the agency at the end of the month. Public Justice’s executive director, Paul Bland, issued the following statement in response to Cordray’s announcement:

Challenging a Federal Court Decision Shutting the Courthouse Door on Consumers, Because Privacy Invasion Supposedly Wasn’t an “Injury”

In a case called Romero v. Department Stores National Bank, for example, a consumer received literally hundreds of robocalls from the banks that issue Macy’s-branded credit cards, despite the fact that she repeatedly told them to stop calling her. The consumer sued the banks for violating the Telephone Consumer Protection Act—a statute that prohibits unwanted robocalls to cell phones. But the trial court held that the consumer lacked standing to bring her lawsuit.