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Director Chopra issues statement on FDIC/OCC/FHA proposal on incentive-based compensation...
JD Supra· 16 hours agoCFPB Director Rohit Chopra has released a statement about the proposal issued by the Federal Deposit Insurance Corporation, Office of the Comptroller of ...
Consumer Financial Protection Bureau bans excessive credit card late fees
19 Action News Cleveland· 4 hours agoThe Consumer Financial Protection Bureau (CFPB) is banning excessive credit card late fees, lowering...
US consumer watchdog fines Chime $3.25 million for delaying refunds
Reuters via Yahoo Finance· 1 day agoThe fine is another example of the CFPB's increasing scrutiny of financial technology companies. The...
CFPB Takes on Credit Card Industry in Court
Bloomberg· 5 days 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...
‘Too Big to Fail’ Banks Have Unfair Advantage, CFPB Chief Says
Bloomberg· 5 days agoThe US banking landscape needs to be more of a level playing field, as fewer financial choices means...
Biden administration orders online banker Chime to pay $4.55 million over delayed refunds to...
NBC News via Yahoo Finance· 1 day agoThe Biden administration has told the online banking group Chime it must pay $4.55 million for...
Medical Debt Shows Up Less Often on Credit Reports
New York Times· 5 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 ...
PayPal off hook in CFPB probe into Venmo fund transfers
Compliance Week· 7 days agoIn March, the CFPB told PayPal it was concluding its inquiry without taking action, the company said...
Wells Fargo says US authorities probing Zelle disputes
Banking Dive via Yahoo Finance· 5 days agoJPMorgan also said it was responding to civil and government authorities’ inquiries regarding...
Chime might owe you money after holding on to your balance refund for too long. Here's what to know
Fast Company Magazine· 1 day agoThe Consumer Financial Protection Bureau (CFPB) has taken enforcement action against consumer...