Newsroom | Consumer Financial Protection Bureau

Director's statement

Published OCT 19, 2023

Prepared Remarks of CFPB Director Rohit Chopra on the Proposed Personal Financial Data Rights Rule

Director Chopra discussed the CFPB’s proposed rule to activate a dormant authority under a 2010 law to accelerate much-needed competition and decentralization in banking and consumer finance by making it easier to switch to a new provider.

By Rohit Chopra

Director's statement

Published OCT 11, 2023

Prepared Remarks of CFPB Director Rohit Chopra on a Press Call on Junk Fees

Across the country, Americans are working hard to create and provide products sold here at home and around the world.

By Rohit Chopra

Director's statement

Published OCT 06, 2023

Prepared Remarks of CFPB Director Rohit Chopra at the Brookings Institution Event on Payments in a Digital Century

Over roughly a decade, digital payments, mostly conducted through mobile devices, rapidly became ubiquitous in China.

By Rohit Chopra

Director's statement

Published SEP 27, 2023

Statement of CFPB Director Rohit Chopra on Mortgage Market Activity and Trends

Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.

Director's statement

Published SEP 21, 2023

Prepared Remarks of CFPB Director Rohit Chopra on Medical Debt at a Press Call Hosted by Vice President Kamala Harris

The Consumer Financial Protection Bureau is launching a rulemaking to block medical debt collectors from weaponizing the credit reporting system to coerce patients into paying bills they may not even owe.

Director's statement

Published AUG 29, 2023

Statement of CFPB Director Rohit Chopra Member, FDIC Board of Directors Regarding Proposals to Improve the FDIC’s Options for Managing Large Bank Failures

Last month, the FDIC Board of Directors voted to propose a rule that would reduce the risk of bailouts and financial crises stemming from large bank failures.

Director's statement

Published AUG 15, 2023

Remarks of CFPB Director Rohit Chopra at White House Roundtable on Protecting Americans from Harmful Data Broker Practices

The United States has a long history of recognizing the sanctity of protecting against unwanted intrusions into our homes and our lives.

Director's statement

Published JUL 28, 2023

Statement of CFPB Director Rohit Chopra at the Financial Stability Oversight Council

This weekend, 118 million Americans could be living somewhere with a heat index above 100 degrees.

Homebuying

Director's statement

Published JUL 27, 2023

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, Regarding the Proposal to Strengthen the Resilience of America’s Largest Banks

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, Regarding the Proposal to Strengthen the Resilience of America’s Largest Banks.

Banking

Director's statement

Published APR 21, 2023

Statement of CFPB Director Rohit Chopra on the Proposed Restoration of the Financial Stability Oversight Council’s Authority and Regulatory Credibility

Prepared remarks of CFPB Director Rohit Chopra on the proposed restoration of the FSOC’s authority to prevent shadow bank bailouts.

Banking

Director's statement

Published FEB 07, 2023

Statement of CFPB Director Rohit Chopra on Mortgage Comparison Shopping in a Time of Higher Interest Rates

CFPB Director Chopra’s statement on digital mortgage comparison-shopping platforms.

Director's statement

Published FEB 01, 2023

Director Chopra’s Remarks on Press Call for Credit Card Late Fees NPRM

Director Chopra delivered prepared remarks on a press call hosted by the White House.

Director's statement

Published JAN 11, 2023

Statement of CFPB Director Rohit Chopra on Proposed Registry of Supervised Nonbanks that Use Form Contracts to Impose Terms and Conditions that Seek to Waive or Limit Consumer Legal Protections

CFPB Director Chopra’s statement on the proposed registry of contract terms used by supervised nonbank financial companies to prevent negative reviews or to limit consumers’ legal rights and protections.

Director's statement

Published DEC 16, 2022

Statement of CFPB Director Rohit Chopra on the 2022 Annual Report of the Financial Stability Oversight Council

CFPB Director Chopra’s statement on FSOC’s 2022 Annual Report.

Director's statement

Published DEC 13, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, Regarding the Living Wills Submitted by Certain Large Foreign and Domestic Firms

CFPB Director Chopra’s statement on the living wills submitted by certain large foreign banks.

Banking

Director's statement

Published DEC 13, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, Notice of Proposed Rulemaking on FDIC Official Sign and Advertising Rule and a Rule Relating to False Advertising, Misrepresentations, and Misuse of the FDIC’s Name and Logo

Today, the FDIC Board of Directors is voting to propose enhancements to its rules relating to FDIC sign and advertising requirements, as well as misrepresentations related to deposit insurance. I support these proposals.

Director's statement

Published NOV 22, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Living Wills Submitted by JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, State Street, and Bank of New York Mellon

CFPB Director Rohit Chopra’s statement on the Living Wills Submitted by JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, State Street, and Bank of New York Mellon.

Banking

Director's statement

Published OCT 18, 2022

Statement of CFPB Director Rohit Chopra on Complaint Against ACTIVE Network

The CFPB is suing ACTIVE Network, a payments platform used by families across the country to sign up for community activities, including camps and events sponsored by the YMCA, Girl Scouts, and charity race organizers.

By Rohit Chopra

Director's statement

Published OCT 18, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Revised Deposit Insurance Assessment Rates Final Rule

CFPB Director Rohit Chopra’s statement on a vote finalizing an increase in deposit insurance assessment rates of two basis points.

Banking

Director's statement

Published OCT 18, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Proposals to Prevent Bailout Risk and Guard Against Increased Concentration in Banking

CFPB Director Rohit Chopra’s statement on a notice of proposed rulemaking to reduce bailout risk among a group of systemically important financial institutions and guard against increasing concentration in banking.

Director's statement

Published JUN 21, 2022

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Amended Deposit Insurance Fund Restoration Plan and Notice of Proposed Rulemaking Regarding Revised Deposit Insurance Assessment Rates

CFPB Director and FDIC Board Member Rohit Chopra’s statement on the amended Deposit Insurance Fund restoration plan and notice of proposed rulemaking regarding revised deposit insurance assessment rates.

Director's statement

Published MAY 17, 2022

Statement of CFPB Director Rohit Chopra, FDIC Board Member, on the Final Rule Regarding False Advertising, Misrepresentations of Insured Status, and Misuse of the FDIC’s Name or Logo

CFPB Director and FDIC Board Member Rohit Chopra’s statement on the FDIC’s final rule regarding false advertising, misrepresentations of insured status, and misuse of the FDIC’s name or logo.

Director's statement

Published MAY 05, 2022

Statement of CFPB Director Rohit Chopra, FDIC Board Member, on the Notice of Proposed Rulemaking Regarding the Community Reinvestment Act

CFPB Director and FDIC Board Member Rohit Chopra’s statement on the notice of proposed rulemaking regarding the Community Reinvestment Act.

Director's statement

Published MAR 30, 2022

CFPB Director Chopra Statement on Edfinancial and Student Loan Cancellation for Public Service

Consumer Financial Protection Bureau Director Rohit Chopra issued a statement regarding Edfinancial and Student Loan Cancellation for Public Service.

Director's statement Press release

Published MAR 23, 2022

CFPB Director Chopra Statement on Appraisal Task Force Report

Consumer Financial Protection Bureau Director Rohit Chopra issued a statement regarding the final report of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE).