Tag Archives: Rohit Chopra

Targeting unfair discrimination in consumer finance, the CFPB vows to take action against financial institutions that engage in discriminatory conduct.

The Consumer Financial Protection Bureau (CFPB) recently outlined options to ensure that computer models used to help determine home estimates are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses. When underwriting ...

Bureau launches initiative to save Americans billions in “junk” fees charged by financial companies and banks.

Joint letters issued to mortgage servicers and landlords will provide military families coming out of pandemic-related forbearance plans with increased protections.

The pandemic brought with it a surge of forbearances, as the CFPB cracked down on servicer regulation as many of the nation’s homeowners struggled.

A criminal London Inter-Bank Offered Rate (LIBOR) rate-setting conspiracy that implicated major international banks has resulted in the Consumer Financial Protection Bureau (CFPB) finalizing a rule to transition away from the LIBOR interest rate index for all consumer financial products starting in 2022.  The rule establishes how creditors must select replacement indices for existing ...

Rohit Chopra will testify before the Senate Committee on Banking and provide an update on the latest actions the Bureau is taking to protect the nation’s consumers.

The vote passed along party lines with a 50-48 vote, clearing the way for Chopra to serve as Director of the Bureau.

Kraninger served as the Bureau's leader since December 2018. Here’s what her departure means, and what potentially what to expect from President Biden’s CFPB director nominee, Rohit Chopra.