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‘Too Big to Fail’ Banks Have Unfair Advantage, CFPB Chief Says
Bloomberg· 18 hours 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· 23 hours 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
MSN News· 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 ...
JD Supra: Fintech in Brief: Focus on Big Tech and Data-Intensive Financial Services: Regulators...
JD Supra· 24 hours 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) ...
Wells Fargo says US authorities probing Zelle disputes
Banking Dive via Yahoo Finance· 1 day agoJPMorgan also said it was responding to civil and government authorities’ inquiries regarding...
CFPB and DOT Hosting Joint Hearing on Credit Card and Airline Rewards Programs | JD Supra
JD Supra· 5 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....
Proposed update to FDIC’s Change in Bank Control Act fails to advance
Compliance Week· 5 days agoThe draft proposal, put forward Thursday by Rohit Chopra, director of the Consumer Financial...
Medical Debt Shows Up Less Often on Credit Reports
New York Times· 1 day agoEquifax, Experian and TransUnion — changed how that debt was reported, a federal watchdog agency said this week. Rohit Chopra, the bureau’s director, said ...
PayPal off hook in CFPB probe into Venmo fund transfers
Compliance Week· 2 days agoIn March, the CFPB told PayPal it was concluding its inquiry without taking action, the company said...
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 ...