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25 Oct 2022, 11:13 am
.), and Alex Padilla (D-Calif.) sent a letter to CFPB Director Rohit Chopra to request that the Remittance Rule be modified to require transfer providers to disclose the true cost of remittance payments so consumers can comparison shop. [read post]
7 Feb 2022, 11:16 am
In a letter sent to CFPB Director Rohit Chopra dated December 15, 2021, a group of six Democratic U.S. senators asserted that some BNPL companies deliberately structure their products to avoid consumer protection obligations under the Truth in Lending Act (TILA) or other lending laws, which apply to loans that are repayable in more than four installments or are subject to a finance charge. [read post]
29 Apr 2021, 7:10 am
The four FTC Commissioners who testified at the hearing were: Rebecca Kelly Slaughter, who currently serves as Acting Chairwoman, Noah Phillips, Rohit Chopra, and Christine Wilson. [read post]
17 Mar 2025, 10:58 am
Former CFPB director Rohit Chopra and former FTC chairwoman Lina Khan have both expressed their support for the bill and its importance in defending the pocketbooks of New Yorkers. [read post]
8 Mar 2024, 4:18 am
The following is a guest post from Rohit Gupta, systems architect for Congress.gov. [read post]
28 Jan 2021, 11:35 am
President Biden’s inauguration on January 20 has quickly brought leadership change to the CFPB with the appointment of David Uejio to serve as Acting Director and the nomination of Rohit Chopra to serve as Director. [read post]
2 Feb 2015, 9:48 am
According to a blog post by Rohit Chopra (the CFPB’s Student Loan Ombudsman), the CFPB has sent the requests to check on the progress lenders and servicers have made since last year’s meeting in developing “more options to help borrowers avoid default and increase the likelihood of full repayment. [read post]
7 Oct 2021, 12:08 pm
” In his prepared remarks about the FTC’s use of its Penalty Offense Authority to target for-profit schools, FTC Commissioner Rohit Chopra, recently-confirmed as CFPB Director, also stated that “[t]his legal tool is particularly important, given the Supreme Court’s recent ruling in AMG Capital Management. [read post]
13 May 2019, 7:57 am
The forum consisted of three panels: (1) Overview of the Small Business Financing Marketplace, (2) Case Study on Merchant Cash Advances, and (3) Consumer Protection Risks and the Path Ahead, along with the opening remarks of FTC Commissioner, Rohit Chopra, and closing remarks from FTC Bureau of Consumer Protection Director, Andrew Smith. [read post]
21 Feb 2013, 4:00 am
” Last year, Rohit Chopra, the CFPB’s Student Loan Ombudsman, drew similar parallels between the mortgage and student loan markets. [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]
25 Oct 2019, 11:01 am
Commissioners Rohit Chopra and Rebecca Kelly Slaughter voted against the settlement, and issued a separate statement in which they expressed concern that the proposed settlement does not go far enough in light of Sunday Riley’s behavior. [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]
25 Feb 2021, 6:50 am
Uejio’s interest in prioritizing the Section 1071 rulemaking is likely to be shared by Rohit Chopra, if confirmed as CFPB Director. [read post]
20 Aug 2012, 2:00 am
Senate Banking subcommittee, Rohit Chopra, student loan ombudsman for the Consumer Financial Protection Bureau, testified that borrowers struggling with private student loan debt would benefit from refinancing options. [read post]
20 May 2021, 12:17 pm
At the hearing, Acting Chairman Slaughter was joined by Rohit Chopra, the other currently-serving Democratic FTC Commissioner, and Noah Phillips and Christine Wilson, the two currently-serving Republican Commissioners. [read post]
26 Sep 2020, 7:46 am
Commissioners Rohit Chopra and Rebecca Kelly Slaughter voted no. [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]
16 Dec 2022, 7:33 am
CFPB Director Rohit Chopra denied the petition. [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]
