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CFPB's Chopra says he won't resign

CFPB’s Chopra sidesteps resignation question

When asked by lawmakers whether he would resign Jan. 20, CFPB Director Rohit Chopra said he serves a five-year term but that the president “can remove us at any time.”

American Banker · 1d

CFPB's Chopra says he won't resign, but he will leave

In testimony before the Senate Banking Committee, Consumer Financial Protection Bureau Director Rohit Chopra said he has no plans to resign ahead of President-elect Donald Trump's inauguration, suggesting he will wait to be fired instead.

ConsumerAffairs · 1d

CFPB's Chopra won't resign prior to Trump's inauguration

The days are dwindling down to a precious few for political appointees in Washington, as the incoming Trump Administration chooses its nominees to succeed

CFPB announces rule limiting bank overdraft fees

Hosted on MSN · 12h

CFPB announces rule limiting bank overdraft fees; trade group sues in response

The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said its overdraft rule will take effect Oct.

bankingdive · 21h

CFPB final rule would pin overdraft fee at $5

Banks and credit unions with $10 billion or more in assets could alternately choose a break-even overdraft protection cost or make credit card-like disclosures to consumers, the CFPB said.

CFPB Orders Big Banks to Limit Overdraft Fees to $5. But Will Its Edict Stick?

The agency set an October 2025 deadline for the new restrictions to take hold, giving enforcement authority to the incoming Trump administration.

Yahoo Finance18m

CFPB overhauls overdraft fee rule for large US banks

Despite these changes, consumers still paid over $5.8bn in overdraft and NSF fees in 2023. CFPB director Rohit Chopra ...

CFPB defenders Chopra, Warren advocate for bureau in the new Trump era

With the incoming Trump administration showing signs of opposition to the bureau, some of its biggest defenders are coming to ...

Sen. Scott: CFPB ignoring call to pause rulemaking until Trump takes office

Senate Banking Committee ranking Republican Sen. Tim Scott, R-S.C. said on December 11 that unlike several other regulators, the CFPB is ignoring ...

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