Tag #Cfpb

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Trump Removes CFPB Director Rohit Chopra

President Trump fired Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), on Saturday, fulfilling expectations and enabling the appointment of a new director. Chopra's tenure, marked by lawsuits against major banks for failing to protect consumers from fraud, has ended due...

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48% Bias Score

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nbcnews.com
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DNC Chair Vote, Chopra Resignation, and Trump Tariffs

The DNC is holding a chair vote among roughly 450 members, with three leading candidates—Ken Martin, Ben Wikler, and Martin O'Malley—offering contrasting strategies. Rohit Chopra unexpectedly resigned from the CFPB, leaving a year early in his term amid criticism from Elon Musk. President Trump will...

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44% Bias Score

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cnn.com
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Trump Fires CFPB Director Rohit Chopra

President Trump fired Rohit Chopra, CFPB director, on Saturday, following pressure from Republicans and financial institutions. Chopra implemented consumer-friendly regulations, including overdraft and late fee caps, which are likely to face legal challenges.

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36% Bias Score

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cnbc.com
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CFPB Fines Equifax \$15 Million for Credit Reporting Errors

The Consumer Financial Protection Bureau (CFPB) fined Equifax \$15 million for failing to properly investigate disputed consumer credit report information, citing flawed processes and technology that harmed millions since at least October 2017, violating the Fair Credit Reporting Act.

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40% Bias Score

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npr.org
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CFPB Removes Medical Debt from Credit Reports: Impacts and Uncertainties

The Consumer Financial Protection Bureau is removing medical debt from the credit reports of millions of Americans, impacting about 20 percent of the population, aiming to improve credit scores and access to credit but potentially affecting consumer and provider incentives.

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48% Bias Score

Reduced Inequality
forbes.com
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CFPB Needs Overhaul to Combat Rising Financial Fraud

A Cornerstone Advisors study reveals that nearly 100 million Americans consider fraud, scams, and cybersecurity the top banking issue, prompting calls for the CFPB to refocus its efforts on innovation and fraud prevention rather than regulation, as its current approach, such as implementing Section ...

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56% Bias Score

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Trump Fires CFPB Director Rohit Chopra Amidst Regulatory Battles

President Trump fired Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) director, on Saturday, following pressure from Republicans and financial institutions opposed to his consumer-focused regulations, including limits on overdraft and late fees, and increased data accessibility.

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44% Bias Score

Reduced Inequality
cbsnews.com
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Trump Fires CFPB Director Rohit Chopra

President Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), a Biden administration holdover, on [Date], raising concerns about the future of consumer financial protection. Chopra, in a letter to the president, said that the CFPB has done much to restore the rule ...

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48% Bias Score

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abcnews.go.com
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CFPB Director Chopra Remains in Post Despite Trump Administration's House Cleaning

Rohit Chopra, CFPB director appointed by the Biden administration, remains in office despite the change in presidential administration, continuing his consumer-focused policies, which include tackling junk fees and overdraft penalties, and removing medical debt from credit reports, even after packin...

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44% Bias Score

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cnbc.com
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CFPB Removes $49 Billion in Medical Debt from Credit Reports

The CFPB removed $49 billion in medical debt from the credit reports of 15 million Americans, improving credit scores and access to credit, because medical debt is often inaccurate and doesn't predict loan repayment.

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36% Bias Score

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cbsnews.com
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CFPB Sues Experian for Violating Fair Credit Reporting Act

The Consumer Financial Protection Bureau (CFPB) is suing Experian for violating the Fair Credit Reporting Act by conducting sham investigations into consumer credit report disputes, failing to properly review disputes, and reinserting inaccurate information, potentially harming consumers' access to ...

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44% Bias Score

Reduced Inequality
forbes.com
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CFPB Sues Walmart, Holiday Sales Surge, Record Credit Card Debt

The CFPB is cracking down on unfair credit card practices, suing Walmart and Branch for allegedly forcing drivers into costly accounts, while holiday retail sales surged 3.8%, exceeding expectations; average U.S. credit card debt reached \$1.166 trillion.

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16% Bias Score

Reduced Inequality