CFPB

White House Mulling Former CFPB Director Richard Cordray as Fed Banking Regulator
White House Mulling Former CFPB Director Richard Cordray as Fed Banking Regulator
November 30, 2021  |  Bank Regulation

President Joe Biden is weighing whether to nominate attorney and former Consumer Financial Protection Bureau Richard Cordray as the Federal Reserve’s top banking regulator, people...

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CFPB Lawsuit Alleges Pawn Lenders Bilked Military Families
CFPB Lawsuit Alleges Pawn Lenders Bilked Military Families
November 12, 2021  |  Loans

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against pawn lenders FirstCash, Inc. and Cash America West, Inc. on Friday (Nov. 12) in a...

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Capitol Hill Hearing: BNPL Has Benefits But Risks are ‘Growing’
Capitol Hill Hearing: BNPL Has Benefits But Risks are ‘Growing’
November 02, 2021  |  Buy Now Pay Later

Buy now, pay later (BNPL) plans and other financial innovations, such as earned wage access (EWA), have the potential to broaden financial access for underserved...

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CFPB’S Chopra: Stablecoins May ‘Create Stress’ on US Financial System Without ‘Oversight’
CFPB’S Chopra: Stablecoins May ‘Create Stress’ on US Financial System Without ‘Oversight’
November 01, 2021  |  CFPB

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra said the agency will be taking action on stablecoins, according to a press release. The director’s statements...

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Warren: CFPB Has Power To Stop Crypto Fraud
Warren: CFPB Has Power To Stop Crypto Fraud
October 28, 2021  |  CFPB

The Consumer Financial Protection Bureau (CFPB) doesn’t have to wait for other agencies’ action to curb cryptocurrency payment abuse, Sen. Elizabeth Warren said Thursday (Oct....

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In First Official Testimony, CFPB’s Chopra Targets ‘Big Tech’ as Needing More Oversight
In First Official Testimony, CFPB’s Chopra Targets ‘Big Tech’ as Needing More Oversight
October 27, 2021  |  CFPB

Rohit Chopra, having recently been confirmed and taken the reigns as director of the Consumer Financial Protection Bureau (CFPB), told a Capitol Hill hearing Wednesday...

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CFPB Expected To Query Tech Giants Over Financial Data Handling
CFPB Expected To Query Tech Giants Over Financial Data Handling
October 21, 2021  |  CFPB

Big tech companies in the U.S. are expected to receive a request for information packet from Rohit Chopra, the new director of the Consumer Financial...

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Latino-Focused Lender Oportun Scraps Bank Charter After CFPB Probe
Latino-Focused Lender Oportun Scraps Bank Charter After CFPB Probe
October 11, 2021  |  Loans

Oportun, a specialist in low- to moderate-income lending, which services many Latinos, has withdrawn its application for a bank charter. The withdrawal was voluntary, and...

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Senate Narrowly Confirms Rohit Chopra as Consumer Watchdog Boss
Senate Narrowly Confirms Rohit Chopra as Consumer Watchdog Boss
October 01, 2021  |  CFPB

The U.S. Senate confirmed President Joe Biden’s pick to lead the Consumer Financial Protection Bureau (CFPB) 50-48 in a party-line vote that got no Republican...

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