Tag Archives: Rohit Chopra

A pair of Republicans in the House of Representatives have written a letter to Rohit Chopra, the Director of the Consumer Financial Protection Bureau demanding proof that justifies the Bureau’s authority to take action on rulemakings and initiatives it has announced. The Republicans — Rep. Patrick McHenry [R-N.C.], the ranking …

Consumer Financial Protection Bureau Director Rohit Chopra yesterday appeared to be unswayed by accusations from Senate Republicans that the Bureau is not staying in its lane, saying that the CFPB will “keep doing our work, regardless of the false accusations that are made about our staff.” Chopra spoke virtually at …

Republicans on the Senate Banking Committee have come out and really told Rohit Chopra, the Director of the Consumer Financial Protection Bureau, what they think of his “radical and highly-politicized” agenda, and called on him to stop using “inappropriate tactics” and “stay within the boundaries of law.” Backstory: Under Chopra’s …

The Consumer Financial Protection Bureau wants debt collectors to know that if they are collecting or attempting to collect debts on behalf of nursing home clients that require caregivers to personally guarantee payment of a resident’s bills — which violates federal law — the collector may be in violation of …

Goldman Sachs, which launched a credit card business in partnership with Apple, announced yesterday that it is being investigated by the Consumer Financial Protection Bureau for how it handles customer refunds and billing disputes, and how it furnishes information to the credit bureaus. Goldman, which is making a big push …

In an interview last week, Rohit Chopra, the Director of the Consumer Financial Protection Bureau, pondered whether assessing fines is enough to deter illegal behavior in the financial services industry, saying that the Bureau will “continue to seek new remedies” to ensure companies meet their responsibilities and obligations. Chopra has …

A group of House Republicans have sent a letter to Rohit Chopra, the Director of the Consumer Financial Protection Bureau, accusing him and the Bureau of “colluding” with state Attorneys General to pursue duplicative enforcement actions against companies in the financial services industry. The letter — sent by Rep. Patrick …

Rohit Chopra, the Director of the Consumer Financial Protection Bureau, has finally gone too far, in the eyes of the U.S. Chamber of Commerce and three national banking trade groups, who yesterday started campaigns to draw attention to what they labeled as Chopra’s “radical agenda and reckless actions.” The Chamber …

A pair of leaders from the Consumer Financial Protection Bureau made public remarks late last week, and they shed some light into the Bureau’s vision and priorities for at least the foreseeable future, including addressing issues with the accounts receivable management industry. Rohit Chopra, the CFPB’s Director, published a blog …

In conjunction with a town hall held in Great Falls, Mont., yesterday, the Consumer Financial Protection Bureau announced it is seeking input from the public regarding how consumers can “assert their rights” to better the customer service provided by big banks, an area of enforcement that the Bureau has largely …