Prepared Remarks of CFPB Director Rohit Chopra Regarding the Supreme Court’s Decision in CFPB v. CFSA
CFPB Director Rohit Chopra provided remarks regarding the Supreme Court’s decision in CFPB v. CFSA.
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Agencies announce inflation-adjusted dollar thresholds for Regulation CC funds availability
The Federal Reserve Board and the Consumer Financial Protection Bureau announce inflation-adjusted dollar thresholds for Regulation CC funds availability
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Proposed Rules Regarding Wall Street Compensation and Bonuses
CFPB Director Rohit Chopra issued a statement on the proposed rules regarding Wall Street compensation and bonuses.
Statement of CFPB Director Rohit Chopra on Risks to Consumers in Video Gaming Marketplaces
CFPB Director Rohit Chopra provided a statement on the Banking in Video Games and Virtual Worlds report.
Reporte de CFPB Identifica Riesgos en Video Juegos
La CFPB emite reporte examinando el crecimiento del comercio digital dentro de juegos de videos y mundos virtuales online.
CFPB Report Identifies Financial and Privacy Risks to Consumers in Video Gaming Marketplaces
The CFPB issued a report examining the growth of digital commerce in online video games and virtual worlds.
Prepared Remarks of CFPB Director Rohit Chopra at the National Community Reinvestment Coalition
CFPB Director Rohit Chopra provided remarks at the National Community Reinvestment Coalition’s Just Economy Conference.
Prepared Remarks of CFPB Director Rohit Chopra at the Peterson Institute for International Economics Event on Revitalizing Bank Merger Review
Director Chopra provided remarks at the Peterson Institute for International Economics on ways to improve the rigor of bank merger review.
Prepared Remarks of CFPB Director Rohit Chopra at the Financial Data Exchange Global Summit
Director Chopra provided remarks at the Financial Data Exchange Global Summit.
CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts
The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.
La CFPB Propone Normativa para Detener el Cobro de Tarifas Inesperadas sobre Cuentas Bancarias
CFPB propone bloquearles a las instituciones financieras una potencial fuente de ingresos por nuevas tarifas inesperadas; las penalidades por transacciones declinadas instatáneamente.
CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees
The CFPB today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions.
La CFPB Propone Normativa para Cerrar el Vacío Legal sobre los Sobregiros Bancarios que le Cuesta Miles de Millones de Dólares a los Consumidores del País
CFPB propone normativa para regir las excesivas penalidades por sobregiros, cobrados por las instituciones financieras más grandes de la nación.
Prepared Remarks of CFPB Director Rohit Chopra on Overdraft Lending Press Call
Director Chopra delivered remarks on the CFPB’s proposed overdraft lending rule.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Final Rule to Protect the FDIC Name and Logo from Bad Actors
The FDIC Board of Directors is voting on a final rule to update the framework governing official FDIC signs and advertising requirements, as well as misrepresentations related to federal deposit insurance.
CFPB Issues Report Showing Many Americans Are Surprised by Overdraft Fees
The Consumer Financial Protection Bureau (CFPB) today issued a new report finding that many consumers are still being hit with unexpected overdraft and nonsufficient fund (NSF) fees, despite recent changes implemented by banks and credit unions that have eliminated billions of dollars in fees charged each year.
CFPB Report Finds Many College-Sponsored Financial Products Charge High and Unusual Fees
The Consumer Financial Protection Bureau found that many college-sponsored financial products have higher fees and worse terms and conditions compared to typical market products.
CFPB Orders U.S. Bank to Pay $21 Million for Illegal Conduct During COVID-19 Pandemic
The Consumer Financial Protection Bureau ordered U.S. Bank to pay nearly $21 million for keeping consumers from accessing unemployment benefits during the COVID-19 pandemic.
Prepared Statement of CFPB Director Rohit Chopra on the Financial Stability Oversight Council's 2023 Annual Report
Nine months ago, several large domestic systemically important banks (DSIBs) failed. The stress in the financial system led policymakers to take emergency actions to halt the contagion.
CFPB Orders Atlantic Union Bank to Pay $6.2 Million for Illegal Overdraft Fee Harvesting
The Consumer Financial Protection Bureau (CFPB) today took action against Atlantic Union Bank for illegally enrolling thousands of customers in checking account overdraft programs.
Opening Statement of Director Rohit Chopra before the Senate Committee on Banking, Housing, and Urban Affairs
I am proud of the CFPB’s work in getting consumers the resolutions they deserve, often through referrals from local organizations, Congressional offices, and many others.
Opening Statement of Director Rohit Chopra before the House Committee on Financial Services
I am pleased to share that the CFPB has reached important milestones on critical priorities.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Deposit Insurance Fund Restoration Plan and Designated Reserve Ratio
The government’s promise that insured deposits will be protected from loss in the event of a bank failure has been the backbone of banking system stability for 90 years. The Federal Deposit Insurance Corporation’s stewardship of the Deposit Insurance Fund is vital to keeping that promise and maintaining the public’s confidence.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Recouping Losses to the Deposit Insurance Fund from Protecting “Uninsured” Depositors of Silicon Valley Bank and Signature Bank
In March 2023, the failures of Silicon Valley Bank and Signature Bank threatened to create cascading stress throughout the banking system and inflict serious damage on the economy.