Better living through better policy.

Topic: Rohit Chopra

American government official

We Told You So: CFPB’s Assault on Buy Now, Pay Later Tools

Post author By Patrick M. Brenner
Post date May 22, 2024
2 Comments on We Told You So: CFPB’s Assault on Buy Now, Pay Later Tools

In this June 15, 2018 file photo, twenty dollar bills are counted in North Andover, Mass. (AP Photo/Elise Amendola)

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 […]

Tags Buy Now Pay Later, Consumer Financial Protection Bureau (CFPB), Credit, Finance, No Loan For You!, Rohit Chopra, Transparency

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The Hill: The Supreme Court has emboldened the CFPB, threatening American consumers

Post author By Patrick M. Brenner
Post date May 20, 2024
No Comments on 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.

Tags Angie's List, Comparison Shopping, Consumer Financial Protection Bureau (CFPB), Credit, Elizabeth Warren, Finance, Rohit Chopra, Supreme Court of the United States (SCOTUS), The Hill

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SPPI Expresses Disappointment in Supreme Court Ruling Upholding CFPB Funding Structure

Post author By Liam Gray
Post date May 16, 2024
No Comments on 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.

Tags Consumer Financial Protection Bureau (CFPB), Credit, Elizabeth Warren, No Loan For You!, Personal Finance, Price Controls, Rate Caps, Rohit Chopra, Testimony

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New Interview Alert: Brenner on CFPB Overreach with American Legal Record Podcast

Post author By Liam Gray
Post date May 14, 2024
No Comments on New Interview Alert: Brenner on CFPB Overreach with American Legal Record Podcast

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 […]

Tags American Credit News, Consumer Financial Protection Bureau (CFPB), Credit, Dodd-Frank Wall Street Reform and Consumer Protection Act, Lead Generators, Lending, Rohit Chopra

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American Banker: CFPB’s latest overreach threatens to nationalize consumer finance

Post author By Patrick M. Brenner
Post date March 18, 2024
1 Comment on American Banker: CFPB’s latest overreach threatens to nationalize consumer finance

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 […]