Rohit Chopra was sworn in as CFPB Director in October 2021, replacing Acting Director Dave Uejio. Director Chopra has quickly returned the Bureau to something reminiscent of the Cordray era, pursuing regulation by enforcement and using inflammatory language to publicly shame institutions for allegedly violating consumer protection laws. But Director Chopra has only filed a handful of enforcement actions and consent orders and has not yet issued many rule makings through the notice and comment process.
Although the CFPB has focused its efforts on direct messaging through blog posts,Requests for Information (RFIs), and news appearances, it seems clear that past few months have been an exercise in laying the groundwork for what’s to come. Below are summaries of the CFPB’s recent actions and statements, ordered from newest to oldest.
Already a member? Log in
NAFCU Members Get More
This page contains member-only content.
Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at firstname.lastname@example.org.