Thursday , 21 January 2021

CFPB

Biden nominates Rohit Chopra to head CFPB

President-elect Joe Biden announced several appointments Monday, including FTC Commissioner Rohit Chopra to head the Consumer Financial Protection Bureau. Chopra is a CFPB veteran, having previously served as assistant director, where he was the bureau’s top student loan watchdog. In 2011, the Secretary of the Treasury appointed him to serve as the CFPB’s student loan ombudsman, a new position established …

Read More »

The CFPB Adds Five to Its Executive Team

The Consumer Financial Protection Bureau (CFPB) announced additions to its executive team. According to a press release, the bureau—”which helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control … The post The CFPB …

Read More »

CFPB Addresses Regulating Consumer Access to Financial Data 

The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking (ANPR) requesting input on regulating consumer access to financial records.  With the ANPR, the CFPB is looking for suggestions on how the agency could most efficiently and effectively develop regulations implementing Section 1033 of the Dodd-Frank Act, which focuses on consumer rights regarding the … The post CFPB Addresses …

Read More »