Search for: "Rohit Chopra"
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6 Oct 2022, 5:23 pm
In announcing the action against MoneyLion, CFPB Director Rohit Chopra said, “MoneyLion targeted military families by illegally extracting fees and making it difficult to cancel monthly subscriptions. [read post]
30 Sep 2022, 9:00 am
Defendants are the CFPB and Director Rohit Chopra in his official capacity. [read post]
29 Sep 2022, 9:09 pm
EDITOR’S CHOICE In an essay in The Regulatory Review, Rohit Chopra, director of the Consumer Financial Protection Bureau, discussed the need for structural deterrents to large financial firms who repeatedly violate the law. [read post]
25 Sep 2022, 9:08 pm
September 28 | Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB)The post Reining in Repeat Offenders first appeared on The Regulatory Review. [read post]
22 Sep 2022, 11:24 am
Currently, there are only three members, all of whom are Democrats (consisting of Acting Chair Martin Gruenberg, Acting Comptroller Michael Hsu, and CFPB Director Rohit Chopra). [read post]
22 Sep 2022, 10:37 am
The Director of the Consumer Financial Protection Bureau (“CFPB”), Rohit Chopra, while attending an event organized by the Public Citizen (a group that opposes mandatory arbitration clauses in consumer agreements), indicated that the CFPB is unlikely to issue a new rule regulating such clauses because the Congressional Review Act prevents it from issuing “a substantially similar rule. [read post]
21 Sep 2022, 2:59 pm
On September 13, 2022, Public Justice and other consumer advocacy groups sent a letter to CFPB Director Rohit Chopra urging the CFPB to limit the use of “forced” arbitration provisions by banks and other consumer finance companies. [read post]
21 Sep 2022, 7:57 am
The report was based on comments made by CFPB Director Rohit Chopra at a virtual meeting organized by Public Justice. [read post]
15 Sep 2022, 9:05 am
According to a report appearing in today’s Law360, CFPB Director Rohit Chopra has indicated that the agency appears unlikely, at least in the near future, to undertake new rulemaking that would regulate the use of consumer arbitration agreements. [read post]
14 Sep 2022, 2:21 pm
A group of 12 Republican Senators have sent a letter to CFPB Director Rohit Chopra in which they urge him “to reverse course and stop using inappropriate tactics to harm financial institutions’ reputations and customer relationships in order to advance your liberal policy preferences. [read post]
14 Sep 2022, 1:47 pm
Rohit Chopra, Director of the CFPB, requested that families who are being coerced to pay resident nursing home bills in violation of Nursing Home Reform Act standards to file a complaint with the CFPB, state agencies governing nursing homes, and the Centers for Medicare and Medicaid Services (CMS). [read post]
31 Aug 2022, 3:33 am
Consumer Financial Protection Bureau has announced a Save the Date: CFPB Field Hearing with Director Chopra on Nursing Home Debt Collection Practices On September 8, 2022, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra will host a virtual discussion with... [read post]
29 Aug 2022, 4:13 pm
In a related statement, CFPB Director Rohit Chopra stated that “[w]hen Big Tech firms use sophisticated behavioral targeting techniques to market financial products, they must adhere to federal consumer financial protection laws. [read post]
29 Aug 2022, 10:01 am
In a related statement, CFPB Director Rohit Chopra stated that “[w]hen Big Tech firms use sophisticated behavioral targeting techniques to market financial products, they must adhere to federal consumer financial protection laws. [read post]
22 Aug 2022, 7:46 am
On August 10, 2022, Director Rohit Chopra delivered remarks at the 2022 National Association of Attorneys General Presidential Summit in Des Moines, Iowa on the topic of consumer protection in the digital world. [read post]
17 Aug 2022, 9:01 pm
In remarks released the same day, CFPB Director Rohit Chopra elaborated on the interpretive rule.[4] In his remarks, he noted the “growing interest from Big Tech companies to find new ways to harvest and monetize our personal financial data” and described the Department of Housing and Urban Development’s 2019 suit against Facebook alleging that Facebook violated the Fair Housing Act by helping advertisers limit the audience for ads and target specific groups… [read post]
12 Aug 2022, 11:23 am
According to CFPB Director Rohit Chopra, while digital marketing providers may be furnishing space for ads, these firms also are offering many other features that go well beyond the exemption. [read post]
11 Aug 2022, 9:58 am
“When Big Tech firms use sophisticated behavioral targeting techniques to market financial products, they must adhere to federal consumer financial protection laws,” CFPB Director Rohit Chopra said in a statement. [read post]
9 Aug 2022, 11:21 am
They also signal that under its new director, former FTC Commissioner Rohit Chopra, the CFPB will continue to expand oversight of tech companies as they move into the traditional financial sector and intervene as needed to protect consumers and support its mandate. [read post]
5 Aug 2022, 4:51 am
In those comments, Director Rohit Chopra and Assistant Director Eric Halperin indicated that “unfair” for purposes of the CFPB’s UDAAP authority has its own test and that the Bureau will use that test rather than the disparate effects test when using its UDAAP authority to determine if a discriminatory practice is unfair. [read post]
