Tag Archives: Sen. Sherrod Brown

A group of Senate Democrats have written a letter to Rohit Chopra, the Director of the Consumer Financial Protection Bureau, calling on the agency to investigate the use of Training Repayment Agreements (TRAs) which some companies use to require employees to pay a pre-determined amount of money if they leave …

A bill has been introduced in the Senate by Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, that would ban forced arbitration clauses in the financial services industry. A copy of the bill, S. 3755, called the Arbitration Fairness for Consumers Act, can be accessed by clicking …

A group of six Democrats on the Senate Banking Committee, including Chairman Sen. Sherrod Brown [D-Ohio] and Sen. Elizabeth Warren [D-Mass.] released a letter they had sent to JPMorgan Chase seeking information on the mega-bank’s credit card collection process, citing reports indicating that the company is robo-signing documents when making …

The Consumer Financial Protection Bureau announced yesterday that it is shining its regulatory spotlight on a growing form of credit in the financial services industry — Buy Now Pay Later (BNPL) companies — and sent inquiries to five of the major providers asking for information “to illuminate the range of …

Richard Cordray, the former Director of the Consumer Financial Protection Bureau and the current Chief Operating Officer of Federal Student Aid, is being considered for the post of the Federal Reserve’s top banking regulator, according to a number of published reports. Cordray, who was Attorney General of Ohio before joining …

A number of leading Senate Democrats are calling on Rohit Chopra and the Consumer Financial Protection Bureau to “take concrete steps to reform the credit reporting industry,” including improving the accuracy of credit reports and streamlining the dispute resolution process. The Senators, including. Sen. Sherrod Brown [D-Ohio], the chairman of …

He hasn’t had time to find out where the office supplies are kept, but Rohit Chopra will go before the House Financial Services Committee tomorrow and the Senate Banking Committee on Thursday to deliver the Consumer Financial Protection Bureau’s annual six-month update. This will mark the first time that the …

There is an old saying in sports that a tie game is like kissing your sister. I bet that Rohit Chopra feels a little differently this morning after the Senate Banking Committee voted 12-12 on his nomination to be the next director of the Consumer Financial Protection Bureau. Because of …

The Senate Banking Committee announced yesterday that it will hold its confirmation hearing for the nomination of Rohit Chopra to be the next director of the Consumer Financial Protection Bureau on Tuesday, March 2. The hearing, which will be conducted remotely, will be livestreamed and available to be watched via …

A quintet of Senate Democrats have introduced a bill that aims to make it easier for consumers to have student loans and medical debts discharged when filing for bankruptcy protection. The Medical Bankruptcy Fairness Act of 2021, S.146, was introduced by Sen. Sheldon Whitehouse [D-R.I.], Sen. Sherrod Brown [D-Ohio], Sen. …