Senate Confirms Chopra as CFPB Director

After months of delays and political roadblocks, the U.S. Senate on Thursday voted to confirm Federal Trade Commissioner Rohit Chopra as the third director of the Consumer Financial Protection Bureau.

Acting CFPB Director Uejio Plans for Active Role in Interim Posting

Acting Director of the Consumer Financial Protection Bureau (CFPB) David Uejio does not intend to be a passive functionary as Biden administration nominee Rohit Chopra awaits Senate confirmation, telling staff in an email that he intends to begin focusing on the new administration’s priorities ahead of Chopra’s confirmation. This is according to an internal CFPB […]

Biden’s CFPB Nominee Signals Return to Bureau’s Original Posture

President-elect of the United States Joe Biden has nominated Federal Trade Commissioner Rohit Chopra to serve as the new director of the Consumer Financial Protection Bureau (CFPB), signaling that the incoming Biden administration aims to return the Bureau to its original enforcement posture according to reporting at the Washington Post. Chopra, who has served as […]

FTC Report Reveals Top 10 Biggest Senior Fraud Scams

The Federal Trade Commission (FTC) released a report this week dedicated to educating American consumers on the biggest ways in which fraudsters attempt to take advantage of American seniors, detailing the 10 most prevalent forms of scamming taking place against older Americans. The determination was based on data collected from surveys from federal agencies in […]

CFPB Offers Guide for Avoiding COVID-19 Senior Scams

The Consumer Financial Protection Bureau (CFPB) has provided guidance for senior consumers on how to best avoid scams stemming from renewed efforts by bad actors in the midst of the COVID-19 coronavirus pandemic. Representatives from the Bureau, the Federal Trade Commission (FTC) and the Department of Health and Human Services (HHS) went over these practices […]