Tag Archives: Rohit Chopra

Top House Republicans Demand Answers from 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 …

Read More »

Chopra Stands Firm in Response to Senate Republicans

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 …

Read More »

Senate Republicans Blast Chopra for Advancing Liberal Agenda

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 …

Read More »

Goldman Discloses CFPB Looking Into its Credit Card Operation

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 …

Read More »

Fines Might Not be Enough: CFPB’s Chopra

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 …

Read More »