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.
Category: Consumer Financial Protection Bureau
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Capital One Is Accused of Cheating Customers Out of $2 Billion
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.
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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.
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Biden Administration Sues 3 Big Banks Over Zelle Fraud
Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump’s return to office.
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New Federal Rule Limits Overdraft Fees at Large Banks
It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump returns to office.
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How the CFPB Could Change Under a Republican Congress
Republicans are unlikely to abolish the Consumer Financial Protection Bureau, but they will drastically rework its rules and activities.
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A Texas Judge’s Fight to Keep a High Profile Case Out of His Court
A battle over a new rule to limit credit card late fees has spiraled into a larger skirmish about how much power litigants should have to maneuver their cases into friendly courtrooms.
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Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry
The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.
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What to Do if You Fall Behind on Auto Loan Payments
The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars.
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Surviving Spouses May Not Be Responsible for Partners’ Medical Bills
A call from a debt collector may add to the challenges that bereaved people are already dealing with. But spouses “should not assume that they have to pay.”
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Navient Reaches $120 Million Student Loan Settlement With Consumer Watchdog
The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty.