Rohit Chopra

CFPB Proposes Rule Requiring Mortgage Servicers to Help Struggling Homeowners
CFPB Proposes Rule Requiring Mortgage Servicers to Help Struggling Homeowners
July 10, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) aims to require mortgage servicers to do more to help struggling homeowners before foreclosing. The regulator issued a proposed...

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CFPB Finds Failures in Loan Collection and Medical Credit Cards
CFPB Finds Failures in Loan Collection and Medical Credit Cards
July 02, 2024  |  CFPB

The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer...

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FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
June 21, 2024  |  Bank Regulation

Last year marked a seismic shift in financial services — as five bank failures tested the ways and means at the disposal of government and...

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At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
June 12, 2024  |  CFPB

Consumer Financial Protection Bureau Director Rohit Chopra took note during his Wednesday appearance before the Senate Banking Committee that companies including PayPal and JPMorgan are...

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McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
June 11, 2024  |  CFPB

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying...

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Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?
Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?
June 10, 2024  |  CFPB

Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. He is scheduled to appear before the Senate Banking...

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As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
May 22, 2024  |  BNPL

The Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the agency’s back — has returned to rule-making. This...

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CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
May 22, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later (BNPL) vendors are credit card providers and must provide some...

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CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
May 20, 2024  |  Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is looking to improve “competition, choice and affordability” in credit reporting costs and other mortgage closing costs. In prepared remarks for a speech at a Mortgage...

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