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January 18 2013

Operation HOPE Hosts Roundtable for Consumer Financial Protection Bureau Director Richard Cordray


Select members from the financial community join at HOPE Financial Dignity Center in Atlanta* to discuss financial reform

ATLANTA – January 18, 2013 – Operation HOPE (HOPE) Founder, Chairman and CEO John Hope Bryant lead a roundtable discussion with Consumer Financial Protection Bureau Director Richard Cordray focused on financial reform and mortgage policy. The event addressed solutions for the protection of consumer’s rights, was the first installment of the HOPE Forum series in Atlanta.

“Operation HOPE is pleased to play a co-convening role for a roundtable on mortgage reform,” said Bryant. “We appreciate Director Richard Cordray for his efforts to ensure the rights of consumers as well as his work to safeguard fair trade competition and the free flow of truthful information in the marketplace.”

Cordray is an American lawyer and Democratic Party politician who currently serves as the first Director of the Consumer Financial Protection Bureau. A Marshall Scholar at the University of Oxford from 1981 to 1983, Cordray was elected to the Ohio House of Representatives in 1990. In 1993, he was appointed by the Ohio Attorney General as the first Solicitor General of Ohio. Cordray was elected Ohio Attorney General in November 2008 to fill the remainder of the unexpired term ending January 2011. After an interim term as Director, Cordray was confirmed by the US Senate to a five-year term appointment to the post in July 2013.

This was Cordray’s second visit to the nonprofit; last year Cordray visited the Operation HOPE Financial Dignity Center in Washington, D.C. at Anacostia, as he announced a set of proposed new mortgage loan servicing rules for the industry.  HOPE’s best-in-class engagement in resolving a range of mortgage issues for borrowers, as well as the organization’s landmark work around financial literacy, made it an ideal topic for the community audience.

About the HOPE Forum Series

Since 2000, Operation HOPE has hosted a series of regional and national forums and financial literacy empowerment conferences designed to frame the issue of financial dignity as an essential economic tool. HOPE Forums support the idea that financial literacy is a necessity for mid-to-long-term economic recovery and sustainability. They attempt to stimulate discussion on the thematically relevant topic that focuses on the future of the 700 Score Communities and how the industry can best empower the underserved. For more about HOPE Forums or how to support, visit us online.

About Operation HOPE

Operation HOPE is America’s leading nonprofit social investment banking and financial dignity empowerment organization. Through its four core portfolios, the organization has provided youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than 2 million individuals, families, and small business owners. Operation HOPE is leading the “silver rights” movement, making free enterprise and capitalism relevant to all underserved communities. For more information, please visit www.operationhope.org.

 

*Update 12/30/2013: Formerly the HOPE Financial Dignity Center Atlanta at Ebenezer, the location is now named HOPE Inside at Ebenezer.