Tag: Rohit Chopra
BofA to pay more than $100M for doubling fees, opening accounts...
Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without...
CFPB launches probe into costly credit cards pushed on patients for...
WASHINGTON – Three federal agencies last week launched an investigation into high-cost specialty financial products – such as medical credit cards and installment loans...
CFPB director Chopra outlines road to open banking
PROVIDENCE – The Consumer Financial Protection Bureau is working to accelerate the shift to open banking through a new personal data rights rule intended...
Billions stored on digital payment apps may be unprotected, CFPB warns
WASHINGTON – The Consumer Financial Protection Bureau has published a consumer advisory on digital payment apps heavily used by consumers and businesses.
A CFPB analysis...
Regulators take aim at AI to protect consumers and workers
NEW YORK (AP) – As concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation's financial watchdog says it's working to ensure...
CFPB warns banks against unilaterally reopening closed consumer accounts
WASHINGTON – The Consumer Financial Protection Bureau affirmed last week that a bank is in violation of federal law if it unilaterally reopens a...
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