Personal account. Official CFPB account: @ChopraCFPB
Washington, DC
Joined February 2009
- Tweets471
- Following526
- Followers4.6K
- Likes215
Rohit Chopra retweeted
Today, @CFPB is ordering @Navient to pay $120 million in refunds and penalties for its wide-ranging student loan servicing failures. More importantly, Navient, formerly known as Sallie Mae, will be banned from ever directly servicing federal student loans. consumerfinance.gov/about-us…
Rohit Chopra retweeted
Today, the @CFPB is ordering @TDBank_US to pay $28 million for illegally tarnishing the credit reports of its customers with fraudulent information.
And when they found out, they barely lifted a finger to fix it.
consumerfinance.gov/about-us…
Rohit Chopra retweeted
If you want to understand some of the ways that private equity-owned companies are pushing up the cost of housing, here's a good example.
Today, @TheJusticeDept and several states sued @RealPage for its algorithmic collusion scheme to drive up rents. bloomberg.com/news/articles/…
Rohit Chopra retweeted
With sweltering heat across America this summer, many families are installing solar panels to save on energy costs to cool their home. The @CFPB will be scrutinizing solar lenders to make sure that Americans don't get burned. consumerfinance.gov/about-us…
Rohit Chopra retweeted
In America, a small set of giant asset managers have amassed power over many major companies in the economy. Today, I put forth a proposed rule launching an inquiry into the impacts of this on competition, financial stability, and conflicts of interest in the banking industry.
Rohit Chopra retweeted
Paycheck advance products are often marketed to and designed for employers, rather than employees. As this market grows, the @CFPB has proposed a rule to ensure people can get clear and accurate information about how much these loans cost. consumerfinance.gov/about-us…
Rohit Chopra retweeted
Drug prices are too expensive in our country. Today, the @FTC issued a report describing how the "pharmacy benefit manager" industry can push up prices and drive out independent pharmacies. nytimes.com/2024/07/09/healt…
Rohit Chopra retweeted
The Supreme Court has confirmed that the way Congress chose to fund the @CFPB is constitutional. It is now beyond dispute that arguments about the CFPB’s funding should provide no basis to challenge our work on behalf of the American people.
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Rohit Chopra retweeted
For over a decade, credit card giants have exploited a loophole to harvest billions of dollars in junk fees from consumers. Today, the @CFPB is closing this loophole and reducing the typical credit card late fee from $32 to $8. consumerfinance.gov/about-us…
Rohit Chopra retweeted
Today, @POTUS issued an Executive Order to protect individuals and our national security from the threats posed by corporate data brokers. The @CFPB will be proposing rules to rein in some of the round-the-clock surveillance by these outfits. whitehouse.gov/briefing-room…
Rohit Chopra retweeted
Today, the @CFPB and @FTC took multiple enforcement actions against @TransUnion, the credit reporting conglomerate that harvests and monetizes our sensitive personal data. $TRU consumerfinance.gov/about-us…
Rohit Chopra retweeted
Thank you @MatthewLiedke at @FranTimes. Thank you @FTC Chair @linakhanFTC for joining @AAHOA, @AAFD_, and @cfainc for this important discussion. franchisetimes.com/franchise…
Rohit Chopra retweeted
After @CFPB research that called into question the accuracy of medical bills on consumer credit reports, @Equifax, @Experian, and @TransUnion have removed medical debts under $500. washingtonpost.com/business/…
Rohit Chopra retweeted
Huge announcement by the Secretary of Agriculture at the National Farmers Union convention today on Product of USA rules. I’ve been fighting for this since 2015.
Rohit Chopra retweeted
FTC Chair Lina M. Khan issued the following statement regarding the White House renomination of Rebecca Kelly Slaughter to serve as an FTC Commissioner: bit.ly/3YyhFAX
Rohit Chopra retweeted
Today, the @CFPB proposed a rule to curb excessive credit card penalty fees. We project that this could save Americans as much as $9 billion in credit card late fees each year. consumerfinance.gov/about-us…
ALT The Consumer Financial Protection Bureau has proposed a new rule to rein in excessive credit card late fees. The proposed rule would: Reduce late fees to $8 for most cases, End the automatic annual inflation adjustments for those late fees, Cap late fee amounts at 25% of the minimum payment. In 2020, credit card companies charged customers about $12 billion in late fees. If finalized as proposed, the rule could reduce late fees by as much as $9 billion a year. To learn more about the proposed rule and to share your feedback, visit consumerfinance.gov/CreditCardLateFees.
Rohit Chopra retweeted
When buying or selling a home, the process often involves getting an independent valuation, also known as an appraisal. Unfortunately, too many appraisals are inaccurate and biased. nytimes.com/2022/11/02/reale…
Rohit Chopra retweeted
Today, the @CFPB is ordering @WellsFargo to pay $3.7 billion for its rampant mismanagement and widespread illegal activity on auto loans, mortgages, and bank accounts. $WFC consumerfinance.gov/about-us…
Rohit Chopra retweeted
Today, the @CFPB issued two reports on the tenant background check industry. These reports describe how sloppy data can result in renters paying higher costs or being locked out of good housing. consumerfinance.gov/about-us…
Rohit Chopra retweeted
Today, we celebrate the individuals who dedicate their lives to feeding and fueling the world ❤️
#NationalFarmersDay