The Consumer Financial Protection Bureau and three other federal agencies on Tuesday issued a joint statement cautioning financial firms that use of artificial intelligence could increase risk of bias and civil rights violations.
Tag: Rohit Chopra
CFPB Releases Final Rule on Small Business Loan Reporting
The Consumer Financial Protection Bureau on Thursday issued a final rule that would require some lenders to collect and report information about small business credit applications they receive, including geographic/demographic data, lending decisions and the price of credit.
The Week Ahead, Mar. 6, 2023: Mssrs. Powell, Chopra Visit Capitol Hill
Good morning and happy Monday. It’s a busy week in Washington, with Federal Reserve Chairman Jerome Powell and Consumer Financial Protection Bureau Director Rohit Chopra scheduled to testify before Congress. But first, here’s what else is happening this week:
CFPB Issues Guidance on ‘Pay to Play’ Digital Comparison-Shopping Platforms
The Consumer Financial Protection Bureau on Tuesday issued an advisory opinion aimed at digital mortgage comparison-shopping platforms.
CFPB Proposes Rule to Establish Public Registry on Contracts Limiting Consumer Protections
The Consumer Financial Protection Bureau on Wednesday issued a proposed rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, such as bankruptcy rights, liability amounts or complaint rights.
CFPB: Annual Report on Credit Reporting Companies Cites ‘Ongoing Challenges’
The Consumer Financial Protection Bureau on Tuesday issued its annual report on the industry’s three largest credit reporting companies, based on nearly a half-million complaints it received about TransUnion, Equifax and Experian.
CFPB Issues Personal Financial Data Rights Rulemaking
The Consumer Financial Protection Bureau on Thursday outlined options it said are designed to strengthen consumers’ access to, and control over, their financial data.
Rhonda McGill of PerformLine: CFPB Director Rohit Chopra–A Year in Review
In his first year as Director of the CFPB, Chopra has taken an aggressive approach to consumer protection through market monitoring inquiries, interpretive rules, circulars, advisory notices, and enforcement actions.
Rhonda McGill of PerformLine: CFPB Director Rohit Chopra–A Year in Review
In his first year as Director of the CFPB, Rohit Chopra has taken an aggressive approach to consumer protection through market monitoring inquiries, interpretive rules, circulars, advisory notices, and enforcement actions.
Rhonda McGill of PerformLine: CFPB Director Rohit Chopra–A Year in Review
In his first year as Director of the CFPB, Rohit Chopra has taken an aggressive approach to consumer protection through market monitoring inquiries, interpretive rules, circulars, advisory notices, and enforcement actions.