Rohit Chopra

CFPB Seeks Public Comment on Consumer Protections Regarding Emerging Payments

CFPB Seeks Public Comment on Consumer Protections Regarding Emerging Payments
CFPB Seeks Public Comment on Consumer Protections Regarding Emerging Payments
January 10, 2025  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) is seeking public comment on how existing laws apply to emerging consumer payment mechanisms offered through tech companies and...

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CFPB Sues Experian, Alleging Improper Investigations of Consumer Complaints
CFPB Sues Experian, Alleging Improper Investigations of Consumer Complaints
January 07, 2025  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) sued consumer reporting agency Experian on Tuesday (Jan. 7), alleging that the company unlawfully failed to properly investigate consumer...

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Chopra: Regulators Must Do More to Ensure Investment Managers Aren’t ‘Improperly Influencing’ Banks
Chopra: Regulators Must Do More to Ensure Investment Managers Aren’t ‘Improperly Influencing’ Banks
December 30, 2024  |  Bank Regulation

Recent steps taken by the Federal Deposit Insurance Corporation (FDIC) will help ensure that fund managers are not “improperly influencing” decisions made by FDIC-supervised banks,...

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Trade Associations Sue to Block CFPB Overdraft Rule
Trade Associations Sue to Block CFPB Overdraft Rule
December 12, 2024  |  Legal & Regulation

Four trade associations and three banks are pursuing legal action against the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft services, which was released...

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Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
December 06, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) ordered federal supervision of Google on Friday (Dec. 6) after a contested designation. The regulator published an order establishing supervisory...

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CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and...

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CFPB Files Proposed Settlement With Student Lender Climb Credit
CFPB Files Proposed Settlement With Student Lender Climb Credit
December 05, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order for settling its lawsuit against student lender Climb Credit and its investors, including 1/0....

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Chopra Calls for Deposit Insurance Reform Following Okla. Bank Failure
Chopra Calls for Deposit Insurance Reform Following Okla. Bank Failure
November 18, 2024  |  Bank Regulation

America’s top consumer watchdog is calling for deposit insurance reform. Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB) made this argument last week...

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