CFPB Director Chopra, lawmakers cover several CU issues during hearing

by NAFCU Newsroom

CFPB Director Rohit Chopra appeared before the House Financial Services Committee Wednesday during a hearing to conduct a semi-annual review of the CFPB. Chopra discussed his three main priorities as director of the Bureau and expressed his desire to focus his oversight on the largest, nationwide offenders as opposed to smaller institutions.

NAFCU Vice President of Legislative Affairs Brad Thaler reiterated NAFCU’s policy stance on current credit union issues concerning the CFPB ahead of the hearing.

Of note, Chopra’s three main priorities include:

  • a focus on increasing competition in consumer financial markets, specifically in the mortgage refinance market;

 

continue reading »