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Chopra’s International Engagement Draws Scrutiny

December 22, 2023
Sam Manas
Republican members of the House pressed CFPB Director Rohit Chopra on his international engagement last month, requesting he publicly disclose meetings held under an informal partnership between the CFPB and the European Commission.
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Bureau’s Office of Competition and Innovation Scrutinized

December 22, 2023
Sam Manas
Republicans pressed the head of the CFPB’s Office of Innovation and Competition on the value of work done by the office.
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House Bill Would Limit CFPB’s UDAAP Powers

December 22, 2023
Sam Manas
Legislation introduced by Kentucky Republican Andy Barr would rein in the CFPB’s use of its unfair, deceptive and abusive acts or practices authority.
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GOP’s McHenry Praises CFPB for 1033 Rulemaking

December 11, 2023
Sam Manas
CFPB Director Rohit Chopra was accused of partisan regulatory management by Republican lawmakers during recent congressional hearings. But the bureau’s proposed personal financial data rights rule found praise.
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Chopra Pressed on Breach, Trade Group Engagement

December 11, 2023
Sam Manas
Republican lawmakers in the House and Senate pushed CFPB Director Rohit Chopra to share more information on a data breach at the bureau earlier this year. Members of both parties also urged Chopra to engage more with state-level banking trade groups.
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Researchers Find Large Racial Gaps in Home Equity Lending

December 11, 2023
Sam Manas
A new working paper found that racial disparities in applications for home equity loan, home equity lines of credit and cash-out refinances between 2018 and 2021 were significantly larger than those for purchases and rate-term refinances.
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Trade Groups Seek to Slow Data Broker Rulemaking

December 11, 2023
Sam Manas
Industry wants the CFPB to include an advanced notice of proposed rulemaking step in its Fair Credit Reporting Act rulemaking restricting the sale of consumer data by credit reporting companies.
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Chopra Meets Often With Both Advocates, Trade Groups

November 27, 2023
Sam Manas
In an analysis of CFPB Director Rohit Chopra’s leadership calendar, Inside the CFPB found he engages with several stakeholders outside of the agency’s walls, including frequent talks with trade groups and consumer advocates. (Includes data table.)
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CFPB Funding Requests Approach Statutory Cap

November 27, 2023
Sam Manas
The CFPB’s funding requests in fiscal year 2023 totaled $721.2 million, 96% of its annual funding cap, according to the bureau’s financial report released this month.
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Bureau Approves Pilot for Construction-Specific TRID Disclosures

November 27, 2023
Sam Manas
The CFPB is moving forward with a pilot that would test alternative disclosures for construction loans.
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