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CFPB's Chopra says he won't resign

CFPB’s Chopra sidesteps resignation question

When asked by lawmakers whether he would resign Jan. 20, CFPB Director Rohit Chopra said he serves a five-year term but that the president “can remove us at any time.”

American Banker · 2d

CFPB's Chopra says he won't resign, but he will leave

In testimony before the Senate Banking Committee, Consumer Financial Protection Bureau Director Rohit Chopra said he has no plans to resign ahead of President-elect Donald Trump's inauguration, suggesting he will wait to be fired instead.

ConsumerAffairs · 2d

CFPB's Chopra won't resign prior to Trump's inauguration

The days are dwindling down to a precious few for political appointees in Washington, as the incoming Trump Administration chooses its nominees to succeed

CFPB announces rule limiting bank overdraft fees

UPI News on MSN · 6h

Bank groups sue CFPB over rule to limit overdraft fees

Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit overdraft fees.

Hosted on MSN · 1d

CFPB announces rule limiting bank overdraft fees; trade group sues in response

The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said its overdraft rule will take effect Oct.

bankingdive · 1d

CFPB final rule would pin overdraft fee at $5

Banks and credit unions with $10 billion or more in assets could alternately choose a break-even overdraft protection cost or make credit card-like disclosures to consumers, the CFPB said.

CFPB defenders Chopra, Warren advocate for bureau in the new Trump era

With the incoming Trump administration showing signs of opposition to the bureau, some of its biggest defenders are coming to ...

The Washington Informer3h

CFPB Closes Overdraft Loophole, Delivering Relief to Millions of Consumers

CFPB takes action to close overdraft loophole, saving consumers $5 billion annually. New regulation targets banks with over ...

Crowdfund Insider2d

The CFPB Should Be Investigating Banks that Debanked Individuals and Firms

Today, the Consumer Financial Protection Bureau (CFPB) testified before the Senate Banking Committee. Chairman Rohit Chopra ...

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