Prepared Press Call Remarks of CFPB Director Rohit Chopra on …
Dec 20, 2024 · News Back Press Releases Speeches & Op-eds Testimony Statements Blog Director’s Notebook Recent Updates ... By Rohit Chopra – DEC 20, 2024. Share & print Over the past seven years, countless American families have fallen victim to fraud on Zelle, the payment network owned and operated by the nation's largest banks. ...
CFPB’s Chopra sidesteps resignation question | Banking Dive
Dec 12, 2024 · Rohit Chopra, the director of the Consumer Financial Protection Bureau, declined to say whether he will resign from his post as President-elect Donald Trump takes office next month, noting that he is confirmed for a five-year term and can be removed at the president’s will. While testifying ...
CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for …
Dec 20, 2024 · “The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” said CFPB Director Rohit Chopra. “By their failing to put in place proper safeguards, Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves.” Read Director Chopra's remarks on the lawsuit.
CFPB Closes Overdraft Loophole to Save Americans Billions in Fees
Dec 12, 2024 · "For far too long, the largest banks have exploited a legal loophole that has drained billions of dollars from Americans' deposit accounts," said CFPB Director Rohit Chopra. "The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they're charging on overdraft loans."
Overdraft fees could be capped at $5 under new federal rule
Dec 12, 2024 · Rohit Chopra, the director of the government watchdog in charge of protecting the public's finances, told ABC News the final rule would cap overdraft fees at $5 for many customers.
How the CFPB Could Change Under a Republican Congress - The …
Dec 6, 2024 · Rohit Chopra, who heads the Consumer Financial Protection Bureau, has overseen an aggressive push to rein in improper practices by financial firms. One critic called him “as radical as...
Chopra raises alarm on ‘financial surveillance’ at Senate hearing
Jun 13, 2024 · Consumer Financial Protection Bureau Director Rohit Chopra on Wednesday urged lawmakers to adopt vital measures to safeguard financial data from misuse and abuse by payment processing firms and financial institutions.
`Here to stay': Consumer bureau chief outlines ambitious steps …
May 17, 2024 · “The court’s ruling makes crystal clear the CFPB is here to stay,” Director Rohit Chopra said on a call with reporters Friday. “The CFPB will be firing on all cylinders.”
Trump Team Set to Roll Back Chopra’s Credit Card, Banking Rules
Nov 7, 2024 · Instead, Trump is expected to fire the CFPB’s Biden-appointed director, Rohit Chopra, soon after taking office in January.
Wall Street’s Most Hated Regulator Faces a Fundamental Threat
Oct 1, 2023 · Rohit Chopra became one of the most powerful financial regulators by pairing bark with bite. As director of the Consumer Financial Protection Bureau, he has attacked — often with a hammer —...