Search for: "Rohit Chopra"
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3 Feb 2025, 7:44 pm
Under President Joe Biden, the CFPB was active and aggressive: Its leader, Rohit Chopra, issued a wide array of rules to crack down on predatory lending, reduce the burden of medical debt and cut fees that customers pay when they fall behind on their credit card bills or overextend their checking accounts. [read post]
20 Jan 2020, 9:55 am
Only three of the five FTC commissioners voted to release the draft with Democratic Commissioners Rebecca Kelly Slaughter and Rohit Chopra abstaining but issuing separate statements. [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]
10 Nov 2022, 7:08 pm
“Our analysis of consumer complaints suggests that bad actors are leveraging crypto-assets to perpetrate fraud on the public,” said CFPB Director Rohit Chopra. [read post]
8 Jan 2025, 7:16 pm
“When consumers disputed errors on their credit reports, Experian conducted sham investigations rather than properly reviewing the disputes as required by federal law,” CFPB Director Rohit Chopra said in a statement. [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]
28 Oct 2019, 12:31 pm
In a dissent filed by Commissioner Rohit Chopra, and joined by Commissioner Rebecca Kelly Slaughter, Commissioner Chopra criticized the settlement for not being harsh enough: Today’s proposed settlement includes no redress, no disgorgement of ill-gotten gains, no notice to consumers, and no admission of wrongdoing… Unfortunately, the proposed settlement is unlikely to deter other would-be wrongdoers. [read post]
30 Oct 2020, 12:14 pm
In a separate statement, Commissioner Rohit Chopra said the agency’s analysis suggests the need for two key actions. [read post]
29 May 2020, 11:27 am
Although the Commission voted unanimously to file the Complaint and Stipulated Order, Commissioner Rohit Chopra and Commissioner Rebecca Kelly Slaughter each issued concurring statements calling for the FTC to promulgate new rules to help fight problems in the auto finance market. [read post]
2 May 2018, 10:26 am
The five-member Commission will soon be at full strength, as Simons is set to be joined by four other new FTC Commissioners, each of which were confirmed for seven-year terms by the Senate on April 26: Democrats Rebecca Kelly Slaughter and Rohit Chopra, and Republicans Noah Phillips and Christine Wilson. [read post]
2 May 2022, 8:36 pm
” (Rohit Chopra, CFPB). [read post]
8 Nov 2023, 11:00 am
The move is intended to address perceived “regulatory arbitrage by ensuring large technology firms and other nonbank payments companies are subjected to appropriate oversight,” according to CFPB Director Rohit Chopra. [read post]
19 Jul 2021, 6:44 am
The Commission approved the Rule in a partisan 3-2 vote, with Democrat Chair Lina Khan and Democrat Commissioners Rohit Chopra and Rebecca Kelly Slaughter voting in favor, and Republican Commissioners Christine Wilson and Noah Joshua Phillips voting against the Rule. [read post]
18 Dec 2013, 6:22 am
The call for voluntary disclosure of such agreements was made yesterday in a blog post by Rohit Chopra, CFPB Assistant Director and Student Loan Ombudsman. [read post]
26 Mar 2021, 1:42 pm
First, earlier this month, President Biden nominated Lina Khan, an associate professor of law at Columbia Law School, to replace departing Commissioner Rohit Chopra, who has been nominated to lead the CFPB. [read post]
29 Nov 2024, 6:00 am
Republican officials have historically expressed skepticism over the objectives and far-reaching authority of the CFPB, and the Supreme Court’s decision in Seila Law affirming the President’s authority to remove a CFPB director at will leaves little question that current Director Rohit Chopra will be headed out. [read post]
31 Mar 2021, 11:10 am
Interestingly, the proposed settlement was approved by a 3-1 vote, with Commissioner Rohit Chopra voting against it. [read post]
4 Oct 2021, 6:32 am
This message rings similar to criticism of private equity made by Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, who had been a commissioner at the FTC. [read post]
6 Apr 2018, 8:30 am
Rohit Chopra (D) Rohit Chopra is one of two Democratic nominees and is nominated for a term that expires in 2019. [read post]
5 Jan 2024, 6:00 am
The CFPB’s Chopra Cites a Need for Competition to Cap Card Acceptance CostsDigital Transactions News – December 22, 2023 Having taken aim at credit card late fees and interest rates, and having targeted non-bank digital wallet providers, Consumer Financial Protection Bureau Director Rohit Chopra has now indicated his regulatory agency is turning its attention to credit card acceptance costs. [read post]
