Rohit Chopra

CFPB’s Chopra Says Rule 1033 ‘Important Step’ for Data Privacy
CFPB’s Chopra Says Rule 1033 ‘Important Step’ for Data Privacy
October 28, 2024  |  CFPB

The recent finalization of data-sharing rules may have sharpened the debate over risks and rewards of Section 1033 — to consumers, banks and FinTechs —...

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FinTech Association Sues CFPB; Says BNPL Rule ‘Oversteps Legal Bounds’
FinTech Association Sues CFPB; Says BNPL Rule ‘Oversteps Legal Bounds’
October 20, 2024  |  Buy Now Pay Later

The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on pay-in-four buy now, pay later...

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CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
October 17, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued student lender Climb Credit and investment firm 1/0 Thursday (Oct. 17), alleging they provided potential borrowers with false...

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CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
September 25, 2024  |  Regulation

The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction....

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Service Members’ Complaints About Student Loans Rise, CFPB Says
Service Members’ Complaints About Student Loans Rise, CFPB Says
September 24, 2024  |  Loans

Student loans account for a growing number of complaints service members and veterans make about financial products. While consumers in general began filing more complaints...

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CFPB Aims to Apply Privacy Protections to Data Brokers
CFPB Aims to Apply Privacy Protections to Data Brokers
September 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) will soon propose a rule that would apply privacy protections to data brokers, CFPB Director Rohit Chopra said Thursday...

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CFPB to Issue FAQs Helping BNPL Lenders Comply With Laws
CFPB to Issue FAQs Helping BNPL Lenders Comply With Laws
August 23, 2024  |  BNPL

Buy now, pay later (BNPL) lenders will soon be able to access a set of frequently asked questions (FAQs) to help them comply with federal...

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House Republicans Slam CFPB’s Medical Bill Proposal
House Republicans Slam CFPB’s Medical Bill Proposal
August 15, 2024  |  Consumer Finance

House Republicans are attacking a proposal that would remove medical bills from consumer credit reports. The Consumer Financial Protection Bureau (CFPB) issued its proposed rule...

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CFPB: Credit Repair Cloud Let Companies Collect Illegal Fees
CFPB: Credit Repair Cloud Let Companies Collect Illegal Fees
August 08, 2024  |  CFPB

Since 2013, Credit Repair Cloud has sold software and products to credit repair businesses. But according to the Consumer Financial Protection Bureau (CFPB), the company and its CEO also...

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