CFPB Drops Lawsuit Against Banks Over Zelle Scams
Posted inBank of America Corporation Banking and Financial Institutions Chopra, Rohit Consumer Financial Protection Bureau Frauds and Swindling JPMorgan Chase & Company Mobile Commerce and Payments Regulation and Deregulation of Industry Shutdowns (Institutional) Suits and Litigation (Civil) Vought, Russell T Wells Fargo & Company Zelle (Early Warning Services LLC)

CFPB Drops Lawsuit Against Banks Over Zelle Scams

A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”
Trump Administration Fires Consumer Bureau Chief Rohit Chopra
Posted inAppointments and Executive Changes Banking and Financial Institutions Chopra, Rohit Consumer Financial Protection Bureau Consumer Protection Presidential Election of 2024 Presidential Transition (US) Trump, Donald J United States Politics and Government

Trump Administration Fires Consumer Bureau Chief Rohit Chopra

Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive enforcement and expansion of consumer protection laws.
Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He’s Hanging On
Posted inAppointments and Executive Changes Banking and Financial Institutions Chopra, Rohit Consumer Financial Protection Bureau Consumer Protection Credit Cards Customer Relations Federalist Society Fines (Penalties) Presidential Transition (US) Prices (Fares, Fees and Rates) Regulation and Deregulation of Industry Republican Party Trump, Donald J United States Politics and Government

Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He’s Hanging On

Mr. Chopra, long a target of criticism by Republican lawmakers and banks, has not yet been forced out. “I swore an oath to a five-year term,” he said this week.
C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages
Posted inBanking and Financial Institutions Berkshire Hathaway Inc Buffett, Warren E Chopra, Rohit Clayton Homes Consumer Financial Protection Bureau Credit and Debt Mobile Homes and Trailers Mortgages Real Estate and Housing (Residential) Suits and Litigation (Civil) Vanderbilt Mortgage and Finance

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.