Richard Cordray
http://www.businessinsider.com/cordray-speaks-at-brookings-2012-1
"...We're not just talking about increasing transparency here. Cordray has started a "Know Before You Owe" campaign that helps consumer understand the language in credit card agreements. In his words he wants to put things like this "in English...I believe financial institutions can speak more simply and clearly," he said. That means changing the language of deals and eliminating fine print.
And when institutions don't or won't change, the CFPB has "examiners" on the ground to review loan documents, and a direct line to informants and whistle blowers. The agency, said Cordray, is ready to launch their own investigations when necessary.
And from Business Insider's discussion with Dykema financial services attorney Donald Lampe, Americans should expect to see a lot of those investigations.
"This is a prosecutoral agency," Lampe explained. "It's the first time a federal agency has had the authority over all facets of the financial services industry... The question now, is how they will exercise their vast array of powers."
http://www.businessinsider.com/profile-richard-cordray-2012-1
http://www.cityofsoutheuclid.com/economic-development/biz/images/Programs_to_Assist_Businesses_from_the_Ohio.pdf