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‘Too Big to Fail’ Banks Have Unfair Advantage, CFPB Chief Says
Bloomberg· 1 day agoThe US banking landscape needs to be more of a level playing field, as fewer financial choices means...
JD Supra: Attorney General Alliance Meeting Recap: Focus on Director Chopra’s Remarks
JD Supra· 1 day agoLast week, state attorneys general (AGs) gathered to discuss Nevada Attorney General and Attorney General Alliance Chair Aaron Ford’s Initiative, focusing on consumer protection education. Director ...
CFPB Takes on Credit Card Industry in Court
Bloomberg· 1 day agoRohit Chopra, director of the Consumer Financial Protection Bureau, talks about new rules that cap credit card late fees at $8. He says the credit card...
Proposed update to FDIC’s Change in Bank Control Act fails to advance
Compliance Week· 6 days agoThe draft proposal, put forward Thursday by Rohit Chopra, director of the Consumer Financial...
Wells Fargo says US authorities probing Zelle disputes
Banking Dive via Yahoo Finance· 2 days agoJPMorgan also said it was responding to civil and government authorities’ inquiries regarding...
JD Supra: Fintech in Brief: Focus on Big Tech and Data-Intensive Financial Services: Regulators...
JD Supra· 1 day agoLarge technology companies and innovators in the consumer financial services space should expect to see stepped up regulatory attention ahead. The Consumer Financial Protection Bureau (CFPB) ...
Medical Debt Shows Up Less Often on Credit Reports
New York Times· 2 days agoEquifax, Experian and TransUnion — changed how that debt was reported, a federal watchdog agency said this week. Rohit Chopra, the bureau’s director, said ...
CFPB and DOT Hosting Joint Hearing on Credit Card and Airline Rewards Programs | JD Supra
JD Supra· 6 days agoIn furtherance of the Biden Administration’s “junk fee” agenda, on Thursday, May 9, 2024, the Consumer Financial Protection Bureau and the U.S....
HSA account holders hurt by high fees, low yields — CFPB
Pensions & Investments· 3 days ago“Health savings accounts typically offer low interest yields,” said Rohit Chopra, the CFPB’s director, in a news release accompanying an agency report analyzing ...
Health Savings Accounts Can Come With Unhealthy Fees, Government Watchdog Warns
Barrons.com· 2 days agoHSAs can be a smart, tax-advantaged way to contain healthcare costs, but the Consumer Financial...