Tag Archives: Rohit Chopra

“Dominant firms shouldn’t be able to hoard our personal data and appropriate the value to themselves,” said Consumer Financial Protection Bureau Director Rohit Chopra.

Rohit Chopra, Director of the CFPB, said, “Companies are not absolved of their legal responsibilities when they let a black-box model make lending decisions.”

The Consumer Finance Protection Bureau is closing one office but opening another to promote competition and innovation in consumer finance.

New mandate allows for data collected by the GSEs to be used by lenders to facilitate communications with borrowers in their preferred language.

The Biden Administration has established the PAVE Task Force to tackle racial bias in the home lending and appraisal process.

Newly implemented standards will help protect homebuyers and owners from bias and inaccuracy during the home valuation process.

Bureau examiners uncover violations in areas including mortgage servicing and a variety of lending discrimination practices in new report.

The U.S. Senate has approved the former FTC Chairman to assume the role of Bureau chief from Acting Director Dave Uejio.

The SEC chairmanship has been vacant since Jay Clayton's resignation last month.