Newsroom
The CFPB sued Capital One for cheating millions of consumers out of more than $2 billion in interest.
The CFPB issued an order recognizing Financial Data Exchange, Inc. (FDX) as a standard setting body under the CFPB’s Personal Financial Data Rights rule.
Statement of CFPB Director Rohit Chopra on developments regarding large asset manager ownership of banks.
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Rohit Chopra
Director Chopra presented a discussion draft of a new FDIC policy on Bank Capital Distributions During Unusual and Exigent Circumstances at the December 2024 meeting of the FDIC Board of Directors.
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Rohit Chopra
Director Chopra presented a discussion draft of a new FDIC policy on the Annunzio-Wylie Anti-Money Laundering Act of 1992 at the December 2024 meeting of the FDIC Board of Directors.
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Rohit Chopra
The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.
The CFPB sued Comerica Bank for systematically failing its 3.4 million Direct Express cardholders - primarily unbanked Americans receiving federal benefits.
Director Chopra submitted this statement for the record in connection with a closed meeting of the FDIC Board of Directors held on November 12, 2024.
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Rohit Chopra
The CFPB took action against Navy Federal Credit Union for charging illegal overdraft fees.
The CFPB took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.
Director Chopra delivered remarks at Georgetown University’s DC Fintech Week.
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Rohit Chopra
Director Chopra delivered remarks at the Federal Reserve Bank of Philadelphia about the CFPB’s Personal Financial Data Rights Final Rule.
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Rohit Chopra
The CFPB finalized a rule to give consumers greater rights, privacy, and security over their personal financial data by requiring providers to unlock personal financial data for free.
Director Chopra delivered remarks about the asset management oligopoly at Harvard Law School.
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Rohit Chopra
The CFPB today published guidance to help federal and state consumer protection enforcers stop banks from charging overdraft fees based on phantom opt-in agreements.
Over the past decade, we have seen a significant incursion into consumer deposit taking and payments activities by companies that aren’t banks or credit unions. These firms want the public benefits of being a bank or credit union, without the public obligations.
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Rohit Chopra
Today, the FDIC Board of Directors is voting to finalize its policy statement on bank mergers.
By
Rohit Chopra
CFPB General Counsel Seth Frotman spoke at the Poverty Law Conference about consumer financial law and low-income families.
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Seth Frotman
The CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims because of the bank’s illegal actions.
The CFPB published a new report finding Americans are paying tens of millions of dollars in fees to access their own money when getting “cash back” at large retail stores when making a purchase with a debit or prepaid card.
La CFPB publica un nuevo reporte revelando que la gente está pagando decenas de millones de dólares en tarifas para acceder a su propio dinero, cuando hacen retiros de efectivo en las cajas de las grandes cadenas comerciales al momento de comprar con sus tarjetas de débito o prepagadas.
Director Chopra joined an event hosted by Deputy Secretary of the Treasury Wally Adeyemo to announce a series of steps that the U.S. government and the financial sector are taking to safeguard risks to the financial system with respect to cloud service providers. The transcript has been slightly edited for clarity.
CFPB tomó acciones contra el infractor reincidente Fifth Third Bank obligándole a pagar millones en multas y reparaciones a los consumidores afectados.
The CFPB took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying millions in penalties as well as paying redress to harmed consumers.