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‘Too Big to Fail’ Banks Have Unfair Advantage, CFPB Chief Says
Bloomberg· 28 minutes agoThe US banking landscape needs to be more of a level playing field, as fewer financial choices means...
CFPB Takes on Credit Card Industry in Court
Bloomberg· 3 hours 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: Attorney General Alliance Meeting Recap: Focus on Director Chopra’s Remarks
JD Supra· 5 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 ...
JD Supra: Fintech in Brief: Focus on Big Tech and Data-Intensive Financial Services: Regulators...
JD Supra· 6 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· 10 hours agoJPMorgan also said it was responding to civil and government authorities’ inquiries regarding...
Medical Debt Shows Up Less Often on Credit Reports
New York Times· 10 hours agoEquifax, Experian and TransUnion — changed how that debt was reported, a federal watchdog agency said this week. Rohit Chopra, the bureau’s director, said ...
Health Savings Accounts Can Come With Unhealthy Fees, Government Watchdog Warns
Barrons.com· 1 day agoHSAs can be a smart, tax-advantaged way to contain healthcare costs, but the Consumer Financial...
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...
Credit Card Late Fees Could Be Capped At $8 Soon | Bankrate
Bankrate.com· 8 hours agoThe good news: There’s a new rule to cap credit card late fees that’s designed to save credit...
Medical Debts Have Been Wiped From Many Credit Reports, But the Biggest Ones Remain
Investopedia· 5 days agoMedical debts are disappearing from Americans’ credit reports, but they’re not extinct yet—and a...