In a late-night post on his social media platform X, billionaire entrepreneur and incoming Department of Government Efficiency head Elon Musk made a bold declaration: “Delete CFPB. There are too many duplicative regulatory agencies.” Musk’s succinct yet striking comment has ignited a vital debate about the role and efficacy of the Consumer Financial Protection Bureau […]
Topic: Rohit Chopra
American government official
In a move that was as predictable as it is alarming, the Consumer Financial Protection Bureau (CFPB) has once again overstepped its bounds, targeting immensely popular Buy Now, Pay Later (BNPL) tools. As I anticipated, the Supreme Court’s decision to uphold the CFPB’s funding mechanism has emboldened the agency to ramp up its aggressive regulatory […]
The Hill: The Supreme Court has emboldened the CFPB, threatening American consumers
The Supreme Court’s recent ruling will only embolden CFPB Director Rohit Chopra, who has increasingly instituted overly broad regulatory actions.
SPPI Expresses Disappointment in Supreme Court Ruling Upholding CFPB Funding Structure
The Southwest Public Policy Institute warns that this decision will embolden regulatory overreach and drive consumer prices up.
Patrick M. Brenner, recently appeared on the American Legal Record Podcast to discuss his views on the Consumer Financial Protection Bureau (CFPB) and its latest regulatory moves. In this insightful interview covered by American Credit News, Patrick delves into the core issues surrounding the CFPB’s recent circular on price comparison shopping sites and critically analyzes […]
Originally published at americanbanker.com on March 15, 2024. In a bold move that may reshape the U.S. consumer finance landscape, Rohit Chopra’s Consumer Financial Protection Bureau has issued Consumer Financial Protection Circular 2024-01, marking a significant overreach into how Americans access financial services. This circular scrutinizes digital intermediaries, such as comparison-shopping tools and lead generators, dictating […]
If CFPB found a financial institution had suffered a data breach of a similar magnitude, the fines and fees would be astronomical.