Prepared Remarks of CFPB Director Rohit Chopra on Protecting Americans from Harmful Data Broker Practices
Director Chopra delivered remarks on protecting Americans from harmful data broker practices.
Newsroom archive
CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking”
The CFPB today finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.
Prepared Remarks of CFPB Director Rohit Chopra at the FinRegLab AI Conference
Director Chopra delivered remarks at the 2024 FinRegLab AI Symposium.
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Deposit Insurance Reform and the Failure of The First National Bank of Lindsay
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.
CFPB Report Details Student Borrower Harms from Servicing Failures and Program Disruptions
The CFPB released the annual report of the Student Loan Ombudsman, highlighting severe difficulties reported by student borrowers in consumer complaints.
Statement of CFPB Director Rohit Chopra on the FTC’s Click‑to‑Cancel Rule
The CFPB can enforce the new Click-to-Cancel Rule, which will further enable the CFPB to protect consumers from being tricked into paying for products or services they do not want or need.
CFPB Orders Global Tel Link to Pay $3 Million for Illegally Freezing and Draining Payments Accounts for People Who Are Incarcerated
The CFPB took action against Global Tel Link Corporation and its subsidiaries for taking millions of dollars from consumer accounts and blocking money transfers to consumers who are incarcerated.
CFPB Survey Reveals Impacts of Student Loan Debt Relief and Repayment Challenges
The CFPB issued its first results from its Student Loan Borrower Survey, providing insights into the effects of student loan debt relief programs and the challenges borrowers face in navigating repayment options.
CFPB Pilot Study Finds Differential Treatment in Small Business Lending Markets
The CFPB released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans.
CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws
The CFPB released a report examining federal and state-level privacy protections for consumers’ financial data.
Statement of Director Rohit Chopra on the CFPB’s Report on State Consumer Privacy Laws
Today, the CFPB published a report finding that state consumer privacy laws typically exempt entities covered by federal financial privacy laws.
CFPB Orders Navy Federal Credit Union to Pay More Than $95 Million for Illegal Surprise Overdraft Fees
The CFPB took action against Navy Federal Credit Union for charging illegal overdraft fees.
CFPB Takes Action to Address Townstone Financial’s Unlawful Redlining
The CFPB filed a proposed order to resolve its case against Townstone Financial for discriminatory lending practices and redlining African American neighborhoods in Chicago.
CFPB and CMS Take Action to Stop Illegal Billing of Lowest-Income Medicare Recipients
The Consumer Financial Protection Bureau and the Centers for Medicare and Medicaid Services issued a joint letter to protect millions of Medicare beneficiaries living at or below the poverty line from unlawful medical bills.
CFPB Orders VyStar Credit Union to Pay $1.5 Million for Illegally Stranding Consumers from Accessing Their Money and Accounts
The CFPB took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.
CFPB Takes Action to Curb Unchecked Worker Surveillance
The Consumer Financial Protection Bureau (CFPB) issued guidance to protect workers from unchecked digital tracking and opaque decision-making systems.
Prepared Remarks of CFPB Director Rohit Chopra at the Joint Field Hearing with the Department of Labor on Worker Tracking
Director Chopra delivered remarks at the Joint Field Hearing with the Department of Labor on Worker Tracking in Michigan.
Prepared Remarks of CFPB Director Rohit Chopra at Georgetown University’s DC Fintech Week
Director Chopra delivered remarks at Georgetown University’s DC Fintech Week.
Prepared Remarks of CFPB Director Rohit Chopra on the Goldman Sachs and Apple Enforcement Press Call
The CFPB is taking action against two of our country’s most powerful corporations, Apple and Goldman Sachs.
CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card Failures
The CFPB took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users.
Prepared Remarks of CFPB Director Rohit Chopra at the Federal Reserve Bank of Philadelphia on the Personal Financial Data Rights Rule
Director Chopra delivered remarks at the Federal Reserve Bank of Philadelphia about the CFPB’s Personal Financial Data Rights Final Rule.
CFPB Finalizes Personal Financial Data Rights Rule to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services
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.
CFPB Sues Student Lender Climb Credit and Investment Firm 1/0 for Deceiving Borrowers About Coding Bootcamps and Vocational Programs
Today, the CFPB sued student lender Climb Credit and 1/0 (“one zero”) for misrepresenting the quality of the programs at their partner schools and making false claims about graduates’ outcomes.
Prepared Remarks of Julie Margetta Morgan at the HealthWatch Wisconsin Medical Debt Symposium
CFPB Associate Director Julie Margetta Morgan delivered remarks at the HealthWatch Wisconsin Medical Debt Symposium.
CFPB and Justice Department Take Action Against Fairway for Redlining Black Neighborhoods in Birmingham, Alabama
The CFPB and DOJ took action to end Fairway Mortgage Corporation’s illegal mortgage lending redlining against majority-Black neighborhoods in the greater Birmingham, Alabama area.
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