Search for: "Rohit Chopra"
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15 Sep 2023, 11:10 am
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra recently addressed The Mortgage Collaborative National Conference recounting the Congressional response to the mortgage industry crisis that began in 2008 that resulted in the creation of the CFPB. [read post]
24 Aug 2023, 6:00 am
According to Director Chopra, the CFPB will publish an outline of proposals and alternatives next month. [read post]
23 Aug 2023, 9:00 pm
Consumer Financial Protection Bureau Finally, in what could be the most consequential data broker regulation of all, CFPB Director Rohit Chopra just announced (on the day of the White House roundtable) that the CFPB will soon launch a rulemaking to “modernize” the FCRA so that it reflects how today’s data brokers “build even more complex profiles about our searches, our clicks, our payments, and our locations” and “impermissibly disclose… [read post]
18 Aug 2023, 1:09 pm
And earlier this week, CFPB Director (and former FTC Commissioner) Rohit Chopra repeatedly referred to “data surveillance” and “the surveillance industry” in announcing “a rulemaking to ensure that modern-day digital data brokers are not misusing or abusing our sensitive data. [read post]
15 Aug 2023, 5:55 pm
The announcement was made in remarks at the White House from Director Rohit Chopra as part of an “all-of-government effort” to address personal data security and risks associated with AI. [read post]
15 Aug 2023, 11:26 am
“Reports about monetization of sensitive information — everything from the financial details of members of the U.S. military to lists of specific people experiencing dementia — are particularly worrisome when data is powering ‘artificial intelligence’ and other automated decision-making about our lives,” CFPB Director Rohit Chopra said in a statement. [read post]
13 Jul 2023, 11:45 am
CFPB Director Rohit Chopra stated “[t]hese practices are illegal and undermine customer trust. [read post]
15 Jun 2023, 9:26 pm
The Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra published a blog post outlining CFPB’s perspective on “open banking” and explaining the CFPB’s plans to create and implement a personal data rights rule. [read post]
31 May 2023, 9:47 am
Federal Deposit Insurance Corporation (FDIC) board member Rohit Chopra, who currently directs the U.S. [read post]
19 May 2023, 4:10 am
The CFPB has made it a priority to monitor issues that impact medical financing and debt reporting under its current director, Rohit Chopra. [read post]
11 May 2023, 9:05 pm
CFPB Director Rohit Chopra called the reopened account a “fake account” and the practice of reopening accounts “the harvesting of illegal junk fees. [read post]
5 May 2023, 10:24 am
” Two commissioners—Rebecca Slaughter and Rohit Chopra—dissented: they thought the unprecedented remedies inadequate. [read post]
27 Apr 2023, 3:30 am
Department of Justice’s Civil Rights Division Assistant Attorney General Kristen Clarke, Consumer Financial Protection Bureau Director Rohit Chopra, and Federal Trade Commission Chair Lina Khan released their joint statement outlining a commitment to enforce their respective laws and regulations to promote responsible innovation in automated systems. [read post]
24 Apr 2023, 9:01 pm
On April 3, 2023, the Consumer Financial Protection Bureau (“CFPB”) issued a policy statement regarding what constitutes an “abusive” act or practice (the “Policy Statement”).[1] The Policy Statement outlines the CFPB’s approach to analyzing whether an act or practice may be abusive and provides examples, which the Policy Statement also notes may be used by state attorneys general or other agencies that are authorized to enforce the prohibition on… [read post]
11 Apr 2023, 12:58 pm
On April 11, 2023, the Consumer Financial Protection Bureau Director Rohit Chopra spoke with the Washington Post regarding the banking industry after the failure of Silicon Valley Bank. [read post]
3 Apr 2023, 8:02 am
In a few hours, I'll have the pleasure of hosting CFPB Director Rohit Chopra for a virtual talk at UCI Law (today at 12pm PDT, 3pm PDT). [read post]
31 Mar 2023, 8:40 am
In a letter to CFPB Director Rohit Chopra dated March 22, the three urge the bureau to bring big BNPL lenders under its watch to “better protect consumers from unfair, deceptive and abusive acts and practices. [read post]
7 Mar 2023, 9:05 pm
The CFPB intends its latest guidance to help both businesses and the families that they serve, according to CFPB Director Rohit Chopra. [read post]
7 Mar 2023, 5:56 am
As CFPB Director Rohit Chopra noted in the press release accompanying the report, this analysis shows that BNPL borrowers are more likely to use other credit products, which suggests that BNPL may indeed not lack access to other forms of credit. [read post]
9 Feb 2023, 1:49 pm
“The game is sometimes rigged when companies that operate comparison-shopping platforms coerce payments to skew the offers presented to consumers instead of acting as fair referees,” said CFPB Director Rohit Chopra in a statement. [read post]
