i think that is what richard cordray is thinking this might help. host: has there been pushed back against these proposals? guest: if you remember, richard cordray was a resess appointment by the obama administration, so there was a little push back from republicans about the congressional oversight of this agency and if they would need to report to their new rules to any type of congressional body. they really don't. you really have an agency that exists on its own, has its own independent authority and can also give out really hefty enforcement actions, civil fines against certain banks and non- banks. host: the mortgage bankers association responded to these proposals. it was not negative, it was not necessarily a pushback. it basically says national standards would apply to all residential loans -- the code that for us. guest: basically, they are saying the consumer financial protection bureau looks at large market participants, so it really does not have a whole lot of reporting on smaller firms. and so, they are basically saying this is not go

." >> reporter: richard cordray promises new rules for the industry. he wants both bank and non-bank mortgage servicers to get on board. the changes are simple: requiring clear, easy to understand mortgage statements every month; warning borrowers when interest rates are going to change; and helping more borrowers avoid foreclosure. ideas that make sense to housing counselors like marian siegel. >> some people would say it's too little, too late, but the reality is that these abuses have been going on for years. the need for rules and regulations have been there, but under cover for all of this time. >> reporter: cordray says, in years past, mortgage servicers just haven't had the incentive to have a relationship with their customers. he hopes that these rules, enforced by the federal government, will give them a reason to step it up. >> it is significant that our rulemaking jurisdiction is comprehensive over the entire mortgage servicing market, including both banks and their non-bank competitors. we will also be able to back up any new rules we write

. >> just ahead, richard cordray, director of the consumer financial protection bureau, on the new rules being considered by his agency. then a look at ballot initiatives effecting women in this year's elections. and later a white house official talks about the obama administration's proposal for protecting consumer data privacy. >> during the two week congressional recess, we'll be featuring some of booktv's weekend programs in prime time. tonight, a look at the revolutionary movements in the middle east. after the "the communicators," we start with the author of "liberation square: inside the egyptian revolution and the rebirth of a nation." then at 9:55 eastern, the senior political analyst with al-jazeera talks about his book, "the invisible arab." after that at 11:05 eastern, noni darwish will talk about her book, "the devil we don't know." booktv in prime time all this week here on c-span2. >> c-span's 2012 local content vehicle cities tour takes our booktv and american history tv programming on the road. the first weekend of each month. this past weekend featured little rock, arka

keep up the good work. >> we would get a copyright on the richard cordray halloween costume. mr. miller for one minute. >> mortgage regulation is a critical part of our finance structure. reforms must be enacted with caution. cfpb has been active in working on regulation mortgage loans and integrated requirements for truthful lending and mortgage originated -- origination. these will harm consumers by driving up costs and limiting access to mortgage credit. we have already seen a rule implemented in the name of consumer protection that limited access to lower-cost loans. some rules have prevented borrowers [unintelligible] from closing on home purchases. consumers often pay more for closing costs. we must protect the consumer. we must make sure that costs of increasing consumer protections are not implemented. we must not inappropriately restrict liquidity in the name of consumer protection. in your testimony, i hope you will make sure that access to credit will not decrease and these new rules are done properly. i yield back. >> i want to thank you for having this hearing today,

i should invite richard cordray more often. i will be doing that every week. honored to have you here. are there any operation hope clients with us today? fantastic. you were not sure? are you mortgage clients, credit crisis clients? what about yourself? mortgages? you are here every tuesday, aren't you? tuesday and wednesday. what is your focus? fantastic. anybody here have a positive experience with mortgage modification? a negative experience with mortgage modification? are we still working on your experience? >> [unintelligible] >> it cannot be having a negative experience it your the d.c. banking commissioner. >> the modification of peace. >> no good deed shall go unpunished. here is what we are not here to do today. we are not here to demonize. people have become experts on what they are against. they can tell you precisely what they do not like. this country was built based on what went before. this center you are in today is one of 10 in the country. we are in 273 cities in america. etrades funds $1 million a year. they have no branches and somehow the

richard cordray was attorney general in ohio. when he was attorney general, he helped return $2 billion in retirement savings back to the residents of ohio to give them the dignity of being able to do for themselves on retirement. when he was state treasurer, he helped to revitalize a small business program for minorities and under-served small businesses in the state to give people a hand up and not just a handout. he was also at the local level. he was the treasurer of a small city. he helped to get his hands around real issues in real ways. he has a real understanding of the issues. he understands it from 10,000 feet and 10 feet away. nothing says more about his character to me then that he did not want to do this announcement in washington. it would have been easy to call a press conference. they will get lost on the way here. it was not easy to get here. he did not have to come here and do this. he could have done it at the white house or the capital, any place. but the fact he went to this much effort to place this message

settlement is a homeowner bill of rights that says on the one hand, and this is going to be done by richard cordray from the consumer financial protection bureau. you remember how hard it was to give that done by congress right? and even if the president gets it done he had to stand in a way of the director. he had to say i'm sorry congress, i'm the president and i'm going to make an appointment and he did so right now because he did that, the consumer financial protection bureau is putting in place a single straightforward set of commonsense rules that families can count on when they are buying a home, when they are making the single most important financial decision of their lives. but at the same time, and you know this from the crisis, you can't just worry about getting folks the key to that home. we have to make sure that they keep that key and that over time, they can continue to be homeowners and get the help they need so the standard in the settlement says, it will force lenders and servicers to follow a comprehensive list of rights that should they ever lose a job, have a medical emergency

later, richard cordray. >> major league baseball players and owners reached a new agreement last novemberrrow, conversation on the role of collective bargaining in baseball. executive director of the players association will be at the national press club. live coverage getting underway at 1:00 p.m. eastern on c-span2. later in the day, supreme court justices ruth bader ginsberg, sonya sotomayor or, and elena kagan in a tribute to justice sandra day o'connor, who was the first woman appointed to the court. she was appointed by president ronald reagan in 1981. live coverage starts at 6:30 eastern. >> they depart beneficial where rosen says the u.s. will continue to be involved in developing afghanistan after the 2014 withdrawal. he is represented to afghanistan and pakistan and was part of a discussion hosted by the u.s. institute of peace. this 90 minute event was moderated by former national security advisor stephen hadley. >> good morning. my name is george moose, i'm the vice chair of the board of directors here at the u.s. institute of peace. i'm pleased to welcome you here this mornin

if i wanted to give the press and distinguished leaders in the area to invite richard cordray more often comes we will be doing that every week. if we are deeply honored to have you here. are there any operation clients with us today? fantastic. you aren't sure? are you a mortgage client, credit crisis client? and credit point. what about yourself? credit. okay. yourself? mortgages. you are here every tuesday, aren't you? every tuesday and wednesday. and what is your focus? >> on japan or to -- entrepreneur should be the cup pitted estimate does anybody here have a mortgage modification? >> negative experience with mortgage modification? you did. are we still working on your experience or? >> [inaudible] >> you can't be having a negative experience of you are in the d.c. banking commission. >> there are a number of negative experiences. [inaudible] >> no good deed should go unpunished. here is what we are not here to do today. we are not here to demonize, we are not here blaming doesn't get us anywhere. people become experts in what they are against. the can tell you precisely what they

richard cordray is the ohio attorney -- attorney general. >> the committee will come to order. mr.cordray, as you know, we are going to have some boat -- vote interruptions. i would like members to know, as well as anyone listening, that mr. cordray has agreed to stay until 2:00, which is a very nice accommodation. we very much appreciate that. and we thank you for your

i've joined with you, we'll get a cope right on a richard -- copy right on a richard cordray halloween outfit. [laughter] mr. miller for one minute. >> thank you. mortgage origination must be implemented with considerable care and caution. cfpb has been quite active in this area working on the ability to repay regulations for residential mortgage loans, working on disclosure requirements and working on new requirements for mortgage origination. but t not well crafted. these rules will harm, not help consumers by driving up costs and limiting excess to mortgage credit. we've already seen the rule implemented in the name of consumer protection, consumer access to lower cost loans. some cases rules set in the name of consumer protection have prevented bars from closing on their own purchases because of discrepancy at the closing table. there are rules that force mortgage originators to offer loans where consumers ultimately pay more. while we must protect the consumer, we must seek cost -- we must make sure that cost to increase in the name of consumer protections are not implemented. we