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CFPB Director Chopra issued a statement regarding DOJ’s lawsuit against Visa for illegally blocking competition in the debit card market.
By
Rohit Chopra
Director Rohit Chopra outlined recent efforts to combat price gouging and unfair practices in financial services, focusing on private equity involvement, junk fees, and credit card interest rates.
Director Chopra provided remarks at CBA Live on March 26, 2024.
The CFPB notes that there are a few things that routinely come up, especially related to ensuring that startups and new businesses can emerge, bring their services to market, and challenge incumbents.
The CFPB published a new issue spotlight highlighting the impacts of Big Tech companies’ policies and practices that govern tap-to-pay on mobile devices like smartphones and watches.
Like transportation, telecommunications, and energy, banking and payments are critical infrastructure of the economy that impacts all of us.
By
Rohit Chopra
Director Chopra delivered prepared remarks at the American Bar Association Spring Meeting.