Prepared Remarks of CFPB Director Rohit Chopra at the Brookings Institution Event on Payments in a Digital Century
Over roughly a decade, digital payments, mostly conducted through mobile devices, rapidly became ubiquitous in China.
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CFPB Mortgage Report Finds Jumps in Closing Costs and Denials for Insufficient Income, Growing Proportion of Cash-Out Refinances
Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on residential mortgage lending activity and trends.
Statement of CFPB Director Rohit Chopra on Mortgage Market Activity and Trends
Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.
CFPB Issues Guidance on Credit Denials by Lenders Using Artificial Intelligence
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.
Prepared Remarks of CFPB Director Rohit Chopra at the Better Markets Conference on the 15th Anniversary of the Collapse of Lehman Brothers and the Onset of the Global Financial Crisis
Director Chopra delivered remarks discussing the implosion of Lehman Brothers and the regulatory framework implemented by the CFPB.
CFPB Orders Leasing Company Tempoe to Provide $36 Million in Penalties and Relief for Tricking Consumers and Hiding Contract Terms
The CFPB took action against Tempoe, LLC for tricking consumers into expensive leasing agreements by concealing the contract terms and costs, and failing to provide legally required disclosures.
CFPB ordena a la empresa de arrendamientos Tempoe pagar $36 millones en multas y alivios por engañar a consumidores y ocultar términos en sus contratos
CFPB tomó acciones contra la compañía Tempoe por engañar a consumidores para que firmaran costosos contratos de arrendamiento, ocultando los términos y costos de los mismos, y no proporcionando divulgaciones legalmente exigidas.
CFPB, U.S. Department of Health and Human Services, and U.S. Department of Treasury Launch Inquiry into Costly Credit Cards and Loans Pushed on Patients for Health Care Costs
The CFPB, HHS, and U.S. Department of Treasury launched an inquiry into high-cost specialty financial products, such as medical credit cards and installment loans, that are pushed on patients as a way to pay for routine medical care and which drive up health care costs and medical debt.
La CFPB, el Departamento de Salud y Servicios Humanos y el Departamento del Tesoro Solicitan Información sobre Costosas Tarjetas de Crédito y Préstamos que los Pacientes son empujados a Tomar para pagar Costos de Atención Médica
CFPB, HHS y el Tesoro, investigan los costos de productos financieros médicos que los pacientes son empujados a tomar para pagar atención médica rutinaria.
CFPB Issue Spotlight Analyzes “Artificial Intelligence” Chatbots in Banking
The Consumer Financial Protection Bureau (CFPB) today released a new issue spotlight on the expansive adoption and use of chatbots by financial institutions.
CFPB analiza papel de Inteligencia Artificial en la banca
CFPB publica nuevo reporte destacando la exhaustiva expansión del uso de chatbots por las instituciones financieras.
Prepared Remarks of CFPB Director Rohit Chopra at the 2023 American Economic Liberties Project Anti-Monopoly Summit
Director Chopra delivered keynote remarks on May 4, 2023 at the Anti-Monopoly Summit in Washington, DC hosted by the American Economic Liberties Project.
CFPB Issues Rule to Facilitate Orderly Wind Down of LIBOR
Today, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule amending the agency’s 2021 LIBOR transition rule.
CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Completing the LIBOR Transition
Today, the Consumer Financial Protection Bureau (CFPB) joined four other federal financial regulatory agencies, along with state bank and state credit union regulators, in issuing a statement that the use of United States Dollar LIBOR (USD LIBOR) panels will end on June 30, 2023.
Prepared Remarks of Director Rohit Chopra at the April 2023 Financial Literacy and Education Commission
Director Chopra delivered remarks at the April 25, 2023, meeting of the Financial Literacy and Education Commission.
CFPB Finalizes Rule to Create a New Data Set on Small Business Lending in America
The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination.
Director Chopra’s Remarks at the NCRC Just Economy Conference
Director Chopra delivered prepared remarks at the Just Economy Conference hosted by the National Community Reinvestment Coalition in Washington, DC.
La CFPB Finaliza Normativa para Crear un Nuevo Conjunto de Datos para el Crédito a la Pequeña Empresa en el País
CFPB finaliza normativa exigida por el Congreso para aumentar transparencia en el crédito a la pequeña empresa, promover desarrollo y combatir discriminación.
CFPB Mejora Herramienta para Promover Competencia y Comparación de Tarjetas de Crédito
CFPB lanzó un listado mejorado de emisores de tarjetas de crédito para ayudar a consumidores y familias a comparar tasas de interés y otras funcionalidades.
CFPB Enhances Tool to Promote Competition and Comparison Shopping in Credit Card Market
Today, the Consumer Financial Protection Bureau (CFPB) launched an improved survey of credit card issuers that can help consumers and families compare interest rates and other features when shopping for a new credit card.
Deputy Director Martinez’s Prepared Remarks at the Consumer Law Scholars Conference
Deputy Director Martinez delivered prepared remarks on the CFPB’s junk fees work at the Consumer Law Scholars Conference in Berkeley, California.
CFPB Proposes Rule to Rein in Excessive Credit Card Late Fees
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off a junk fee protected by an immunity provision that allows issuers to escape scrutiny of otherwise illegal late fees.
Director Chopra’s Remarks on Press Call for Credit Card Late Fees NPRM
Director Chopra delivered prepared remarks on a press call hosted by the White House.
La CFPB Propone Normativa para Frenar el Cobro de Excesivas Penalidades por Atraso con Tarjetas de Crédito
La CFPB propuso normas para frenar el cobro de excesivas penalidades por atraso con tarjetas de crédito que cuestan al público $12 billones cada año.
Statement of CFPB Director Rohit Chopra on the 2022 Annual Report of the Financial Stability Oversight Council
CFPB Director Chopra’s statement on FSOC’s 2022 Annual Report.