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CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
PYMNTS.com· 25 minutes agoIn prepared remarks for a speech at a Mortgage Bankers Association conference, CFPB Director Rohit Chopra said Monday (May 20) that the agency is doing ...
Chopra says he is ‘open to’ reviewing the LO comp rule
HousingWire via Yahoo Finance· 2 hours agocommission compensation and innovation Rohit Chopra, director of the Consumer Financial Protection...
Americans to get one-time payment from $384m pot after company 'deceived' them
The US Sun· 5 days agoThink Finance reportedly tricked consumers into repaying loans they didn't owe. The Consumer...
Victims of Think Finance loan repayment scam to get $384 million
CBS News via Yahoo Finance· 5 days ago"Too often, victims of financial crimes are left without recourse even when the companies that harm...
The Supreme Court has emboldened the CFPB, threatening American consumers
The Hill· 6 hours agoThis ruling will only embolden the CFPB, which, under the leadership of Director Rohit Chopra, has...
CFPB closes down and fines Western Benefits $400,000 for swindling student borrowers
Retail Banker International via Yahoo Finance· 20 minutes ago“The burden of student debt has spawned scores of scams,” said CFPB Director Rohit Chopra. “Student...
Fintech lender SoLo Funds is being sued again by the government over its lending practices
TechCrunch· 7 hours ago“The CFPB is suing SoLo for using digital trickery to hide interest and fees on its online loans,”...
Warren circled wagons around embattled FDIC chief
Semafor via Yahoo Finance· 4 days agoGruenberg testified before the House yesterday, when he apologized and said he would take anger management classes, and will appear before a Senate...
CFPB Considering Increased Regulation of Credit Card Rewards Programs | JD Supra
JD Supra· 16 hours agoOn May 9, 2024, the CFPB released a comprehensive report detailing its findings on challenges reported by consumers regarding their credit card rewards programs. This report, as well as remarks ...
He Survived a Beatdown From Congress. Can He Survive One From His Own Staff?
The Wall Street Journal· 3 days agoThe two other Democrats on the five-member FDIC board are also sticking with him. Rohit Chopra, who...