Topic: Rohit Chopra

American government official

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

Rohit Chopra's Consumer Financial Protection Bureau (CFPB) wants nationalized 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 […]

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Fox News: Who’s protecting consumers from the Consumer Financial Protection Bureau?

Rohit Chopra, Consumer Financial Protection Bureau
Rohit Chopra, Consumer Financial Protection Bureau | Photographer: Stefani Reynolds/Bloomberg

If CFPB found a financial institution had suffered a data breach of a similar magnitude, the fines and fees would be astronomical.