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Director Chopra issues statement on FDIC/OCC/FHA proposal on incentive-based compensation...
JD Supra· 11 hours agoCFPB Director Rohit Chopra has released a statement about the proposal issued by the Federal Deposit Insurance Corporation, Office of the Comptroller of ...
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...
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 ...
Biden administration fines online banker Chime $4.55 million over delayed refunds to customers
NBC NEWS· 1 day ago“Chime’s customers had to wait weeks or months for access to their own money and were forced to use...
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...
CFPB takes action against Chime Financial for illegally delaying consumer refunds
Retail Banker International via Yahoo Finance· 20 hours ago“Chime’s customers had to wait weeks or months for access to their own money. They were forced to...
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...
Closed a Chime Account? You Could Get $150 if You Didn’t Get a Refund on Time
CNET· 23 hours agoThe bureau issued an order that San Francisco-based Chime pay $3.25 million to the CFPB victim’s...
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...