Search for: "Rohit Chopra"
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22 Jul 2022, 8:55 am
CFPB’s Chopra Reminds Payments Players They’re in His SightsPayments Dive – July 14, 2022 Consumer Financial Protection Bureau Director Rohit Chopra reminded players in the payments and banking industries this week that some of them are in his agency’s cross-hairs. [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]
24 Jun 2022, 9:58 am
CFPB to Give Credit Card, Mortgage Rules ‘Fresh Look’Law360 – June 17, 2022 (subscription required) Consumer Financial Protection Bureau Director Rohit Chopra said Friday that his agency will take a “fresh look” at some of its existing regulations on credit cards and credit reporting, as well as certain Trump-era mortgage lending rules. [read post]
24 Jun 2022, 7:23 am
CFPB to Give Credit Card, Mortgage Rules ‘Fresh Look’Law360 – June 17, 2022 (subscription required) Consumer Financial Protection Bureau Director Rohit Chopra said Friday that his agency will take a “fresh look” at some of its existing regulations on credit cards and credit reporting, as well as certain Trump-era mortgage lending rules. [read post]
20 Oct 2024, 7:30 pm
Among the many important recent dissents, Commissioner Rebecca Slaughter and former Commissioner Rohit Chopra articulated policy positions and legal theories that were adopted by the current majority (see, e.g., Slaughter’s dissent In the Matter of FTC v Facebook, Chopra’s dissent In the Matter of Google LLC and YouTube LLC ). [read post]
6 May 2022, 6:10 am
[Closing out Week Two of our FTC UMC Rulemaking symposium is a contribution from a very special guest: Commissioner Noah J. [read post]
1 Jul 2024, 9:01 pm
As part of its ongoing efforts to reduce what it views as corporate recidivism, the Consumer Financial Protection Bureau (CFPB) issued a final rule on June 3, 2024 that will require certain nonbank financial companies to register with the CFPB when they become subject to final agency orders alleging violations of consumer financial laws (Final Rule).[1] For nonbank financial companies subject to the CFPB’s supervisory authority, a senior executive will also be required to provide a written… [read post]
30 Oct 2024, 9:01 pm
The Rule, also referred to as the “open banking rule,” has been a key priority of CFPB Director Rohit Chopra’s rulemaking agenda, and according to the CFPB and Director Chopra, aims to give consumers greater rights over their personal financial data and promote competition and consumer choice in financial products and services. [read post]
20 Nov 2024, 9:01 pm
The first banking agency leaders up will likely be Consumer Financial Protection Bureau (“CFPB”) Director Rohit Chopra, who from his current post as well as during an earlier stint at the Federal Trade Commission has pursued an aggressive agenda at odds with the incoming administration’s, and beleaguered FDIC Chairman Marty Gruenberg. [read post]
2 Jul 2020, 1:02 pm
The Commission vote to issue the Vertical Merger Guidelines was 3-2, with Commissioner Rohit Chopra and Rebecca Kelly Slaughter voting no. [read post]
21 Jun 2024, 6:00 am
CFPB House Hearing: 6 Key TakeawaysPayments Dive – June 18, 2024 Consumer Financial Protection Bureau Director Rohit Chopra answered questions from members of the House Financial Services Committee during a four-hour hearing last Thursday. [read post]
4 Mar 2024, 4:31 am
Chair Khan’s first chief of staff was someone unqualified for most staff positions in the Bureau of Competition (no antitrust experience, no law degree), Bureau of Consumer Protection (still no law degree), or Bureau of Economics (no economics degree) and spent only a short term working in the FTC for Commissioner Rohit Chopra, where she was known for antagonizing FTC staff. [read post]
18 Apr 2022, 9:01 pm
Additionally, the Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra stated that the CFPB may revise the bank merger guidelines to scrutinize more closely the effects of large banking consolidations on competition and financial stability. [read post]
29 Mar 2024, 6:00 am
., thanks to a pending Consumer Financial Protection Bureau rule proposal, the agency’s director, Rohit Chopra, warned of “dangers” in setting standards for the new realm. [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]
24 May 2024, 11:18 am
It’s also not as if Commissioner Rohit Chopra hadn’t been insulting the staff from his first day in the building—early and often, as they used to say about Chicago voting. [read post]
12 Nov 2020, 9:05 pm
In his dissenting statement, FTC Commissioner Rohit Chopra criticized the settlement, writing that it “includes no help for affected parties, no money, and no other meaningful accountability. [read post]
27 Oct 2022, 10:48 am
In a March 2020 statement about the FTC’s settlement with Liberty Chevrolet, then-FTC Commissioner Rohit Chopra stated “…the alleged conduct is illegal under the [ECOA], but it also violates the FTC Act’s prohibition on unfair practices. [read post]
17 May 2018, 9:30 pm
Democratic Commissioners Rebecca Kelly Slaughter and Rohit Chopra each dissented, expressing concerns about Smith’s conflicts of interest with FTC matters. [read post]
13 Jun 2022, 7:26 am
It should be noted, however, that Rohit Chopra, the director of the CFPB, sits as one of the five members of the FDIC Board. [read post]
