Rohit Chopra News
15.01 / 08:29
markets
UPS
Provident
Action
performer
Courts
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result
28.03 / 23:51
Provident
wellness
President
performer
Department
prevention
Judge orders CFPB to reinstate fired employees, preserve records and get back to work
A federal judge on Friday ordered the Consumer Financial Protection Bureau's leadership, appointed by President Donald Trump, to halt its campaign to dismantle the agency.
10.03 / 13:03
Provident
Target
Action
PayDay
reports
Schools
Courts
Here's why banks don’t want the CFPB to disappear
For years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog — in the courts and media, portraying the agency as illegitimate and as unfairly targeting industry players.
05.02 / 14:21
markets
Digital
Strategy
President
Experts
PAM
Investigations
One by one, Donald Trump's cabinet is taking over federal agencies; now US Treasury chief Scott Bessent takes over consumer watchdog, freezes all activity
Donald Trump, as soon as he took over as the US President, began inducting his cabinet members into federal agencies. And now, newly appointed US Treasury chief Scott Bessent has become the acting director of the Consumer Financial Protection Bureau, who is now the latest Cabinet member to be added to a coveted federal agency post.
03.02 / 17:07
COST
Platform
Trade
President
social
Courts
Trump names Treasury Secretary Scott Bessent acting head of CFPB after firing Chopra
President Donald Trump has made Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau after firing former head Rohit Chopra over the weekend.
14.01 / 16:09
06.01 / 17:55
markets
Manufacturing
Bill
CFPB says unit of Warren Buffett's Berkshire Hathaway ignored red flags in manufactured home loans
The federal Consumer Financial Protection Bureau said in a lawsuit that a unit of Warren Buffett's Berkshire Hathaway ignored red flags that borrowers couldn't afford the mortgages they were given to buy manufactured homes from another Berkshire company
29.12 / 10:07
UPS
Fighting
security
Bill
President
exclusive
Courts
Trump’s ascendancy may spell bad news for consumer protections in the US
Subscribe to enjoy similar stories. As the weeks tick down on the Biden presidency, the administration has been trying to drive through a slew of consumer-finance protections. The new rules, including caps on credit card late fees, would add to some achievements notched on behalf of American consumers, including tighter rules on banking fees and buy-now-pay-later deals.
23.12 / 16:31
markets
COST
Reuters
Software
reports
Schools
Walmart vs US Government: Why has lawsuit been filed by US consumer finance watchdog?
Walmart and the workforce payments company Branch Messenger on Monday of forcing more than a million delivery drivers into using accounts that cost them more than $10 million in junk fees, Reuters reported.
20.12 / 15:19
12.12 / 13:45
06.12 / 16:07
21.11 / 15:25
21.11 / 13:35
markets
Digital
security
Strategy
AVP
prevention
International
US watchdog issues final rule to supervise Big Tech payments, digital wallets
Consumer Financial Protection Bureau said. The new rule finalised on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while helping protect the privacy of vast amounts of consumer data and preventing fraud and the illegal closure of their accounts, the agency said.
23.10 / 17:27
23.10 / 17:27
16.10 / 03:39
20.09 / 15:55
markets
UPS
FIVE
Analysis
Trade
International
Fed’s relaxed bank-capital plan faces bipartisan FDIC pushback
bank-capital proposal is running into a wall of resistance at the Federal Deposit Insurance Corp. At least three of five FDIC directors oppose the latest overhaul previewed by the Federal Reserve last week, according to people familiar with their thinking. Democrat Rohit Chopra has joined the two Republican board members, including Vice Chairman Travis Hill, against the changes, the people said.
12.09 / 21:16
Provident
Booking
Remark
students
country
Department
Investigations
US consumer watchdog moves to permanently ban Navient from federal student loan servicing
The U.S. Consumer Finance Protection Bureau has filed a proposed order to permanently ban Navient from directly servicing federal student loans, which the agency says will end years of abusive lending practices
12.09 / 00:39
Provident
Cooper
wellness
information
2020
reports
Investigations
Customers
TD's latest black eye: A US$28-million fine for sharing inaccurate info about customers
Toronto-Dominion Bank has been ordered to pay about US$28 million by authorities in the United States for repeatedly sharing inaccurate information about its customers to consumer reporting companies.
11.09 / 20:47
Provident
Cooper
Action
information
2020
reports
TD Bank ordered to pay nearly US$28M over reporting false credit info
TD Bank was ordered by a U.S. regulator on Wednesday to pay nearly US$28 million for repeatedly sharing inaccurate, negative information about its customers with credit reporting agencies, potentially tarnishing customers’ credit scores.
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