There was at least one voice of reason that sat before the Senate Banking Committee yesterday during a hearing that was held on the “Economic Impact of the Growing Burden of Medical Debt,” even as Democrats on the committee called on the Consumer Financial Protection Bureau to do more to …
Read More »Senate Committee to Hold Hearing on Impact of Medical Debt
The Senate Banking Committee has scheduled a hearing for next Tuesday that will hear testimony related to the “impact of the growing burden of medical debt,” likely a response to a number of reports and activities detailing the size and scope of medical debt being carried by individuals in the …
Read More »Chopra: CFPB To Focus on ‘Repeat Offenders’
The Consumer Financial Protection Bureau is planning to “sharpen its focus on repeat offenders,” specifically those companies that violate agency or federal court orders, Director Rohit Chopra is planning on telling the House Financial Services Committee today, according to a copy of his prepared remarks. Chopra is making stops at …
Read More »Chopra To Testify Before House, Senate Committees This Week
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 …
Read More »Chopra’s Nomination to Lead CFPB Narrowly Passed by Senate Committee
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 …
Read More »Senate Banking Committee to Vote on Chopra Nomination Tomorrow
The Senate Banking Committee has announced that it will vote tomorrow on the nomination of Rohit Chopra to be the next director of the Consumer Financial Protection Bureau. Should he be approved by the Senate Banking Committee, Chopra’s nomination would go to the entire Senate for approval in the final …
Read More »Breaking Down Chopra’s Confirmation Hearing
If anything, the confirmation hearing held yesterday for Rohit Chopra to be the new director of the Consumer Financial Protection Bureau showed us more about the agendas of the members of the Senate Banking Committee and less about learning the priorities and vision that Chopra has for the agency, should …
Read More »Chopra’s Prepared Statement Offers Glimpse Into His Vision for the CFPB
If his opening statement is any indication of his views on the debt collection industry, then the type of regulation that Rohit Chopra is going to bring to the Consumer Financial Protection Bureau — should he pass his confirmation hearing today and become the agency’s next director — is starting …
Read More »Senate Committee Announces Hearing Date for Chopra Confirmation
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 …
Read More »New Senate Banking Chair Lays Out Agenda, Plans to Restore CFPB to ‘Full Strength’
The change in control of the Senate means that there will be a new Sherrod in town in charge of the committee that most directly deals with debt collections, and Sen. Sherrod Brown [D-Ohio], the new chairman of the Senate Banking Committee, met with reporters yesterday to outline his agenda …
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