Search for: "Rohit Chopra"
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26 Oct 2021, 11:36 am
In his remarks at the joint press conference with the DOJ and OCC announcing these developments, new CFPB Director Rohit Chopra noted that the Bureau would also be “closely watching for digital redlining, disguised through so-called ‘neutral algorithms. [read post]
3 Feb 2022, 11:56 am
Rohit Chopra, the CFPB Director noted that “America’s credit reporting oligopoly has little incentive to treat consumers fairly when their credit reports have errors. [read post]
20 Dec 2024, 6:00 am
Along with an online tool that the CFPB unveiled Wednesday to provide consumers with “unbiased, comprehensive data” on hundreds of credit cards, the actions also mark CFPB Director Rohit Chopra’s latest effort to turn up the heat on the credit card industry. [read post]
21 Sep 2023, 9:01 pm
Consumer Financial Protection Bureau Director Rohit Chopra stated that creditors should be able to explain the reasoning for an adverse decision and that there “is no special exemption for artificial intelligence. [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]
11 Sep 2019, 8:50 am
Commissioner Rebecca Kelly Slaughter advocated the imposition of a technological backstop on Google’s and YouTube’s policing of YouTube’s channels and content, and Commissioner Rohit Chopra criticized the settlement amount and injunctive remedies as “not even significant enough to make Google issue a warning to its investors. [read post]
22 Dec 2021, 6:48 am
In recent weeks, she has pushed through contentious decisions by relying on more than 20 “zombie votes” cast by former Commissioner Rohit Chopra on the final day before he left the agency. [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]
18 Nov 2022, 11:31 am
Community Financial Services Association of America, the CFPB and its current director, Rohit Chopra, ask the justices to reverse the 5th Circuit’s decision. [read post]
24 May 2024, 6:00 am
“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said in the press release. . . . [read post]
18 Jun 2024, 9:01 pm
Bureau, 51 F.4th 616, 642 (5th Cir. 2022). [6] Prepared Remarks of CFPB Director Rohit Chopra Regarding the Supreme Court’s Decision in CFPB v. [read post]
12 Oct 2023, 9:05 pm
CFPB Director Rohit Chopra said that “many large banks erect obstacle courses and impose junk fees to answer basic questions. [read post]
14 Apr 2022, 9:08 pm
CFPB director Rohit Chopra stated that survivors of human trafficking should not be “penalized for abuse they have endured” and noted the proposal will “ensure that survivors can work to rebuild their lives, including accessing credit, opening a bank account, and finding a job. [read post]
24 Jul 2019, 10:31 am
Commissioner Rohit Chopra objected to the settlement in a dissenting opinion in which he contended, among other things, that the settlement does little to change Facebook’s business practices; that the $5 billion penalty, as massive as it is, is less than the company earned from its “illegal conduct”; and that the settlement lets the company “off the hook” for “unspecified violations. [read post]
4 Dec 2024, 3:45 pm
Rohit Chopra, Director of the CFPB, has called out the dangers posed by unregulated data sales, emphasizing that these practices enable harmful activities like stalking and fraud. [read post]
9 Nov 2022, 4:05 pm
The CFPB – with former FTC Commissioner Rohit Chopra at the helm – has previously led the charge against “junk fees. [read post]
30 Sep 2022, 9:00 am
Defendants are the CFPB and Director Rohit Chopra in his official capacity. [read post]
21 Jan 2022, 9:03 pm
CFPB director, Rohit Chopra, expressed concerns that banks depend on overdraft fees in their profit model, rather than compete for the best services and interest rates, which has bad outcomes for consumers. [read post]
17 Oct 2023, 9:01 pm
However, in the FTC press release issued in connection with the Proposed Rule, CFPB Director Rohit Chopra stated that “the CFPB will enforce the [FTC’s rule, if finalized,] against violators in the financial industry and ensure that these firms play fairly. [read post]
3 Feb 2021, 1:59 pm
Given the Biden Administration’s goal of addressing racial economic inequality, rather than move away from the use of disparate impact analysis, the CFPB under the leadership of Rohit Chopra, President Biden’s nominee for CFPB Director, can be expected to renew its use of disparate impact analysis under the ECOA and Regulation B. [read post]
