Rohit Chopra (@hitchop) 's Twitter Profile
Rohit Chopra

@hitchop

Personal account. Official CFPB account: @ChopraCFPB

ID: 20480950

calendar_today10-02-2009 00:30:09

473 Tweet

4,4K Followers

537 Following

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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/newsr…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

Today, the @CFPB is ordering Wells Fargo 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/newsr…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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/rea…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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/newsr…

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/newsr…
FTC (@ftc) 's Twitter Profile Photo

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

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
Greg Gunthorp (@ggunthorp) 's Twitter Profile Photo

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 (@choprausa) 's Twitter Profile Photo

After @CFPB research that called into question the accuracy of medical bills on consumer credit reports, Equifax Inc., Experian, and TransUnion have removed medical debts under $500. washingtonpost.com/business/2023/…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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/newsr…

Today, the @CFPB and <a href="/FTC/">FTC</a> took multiple enforcement actions against <a href="/TransUnion/">TransUnion</a>, the credit reporting conglomerate that harvests and monetizes our sensitive personal data. $TRU consumerfinance.gov/about-us/newsr…
Rohit Chopra (@choprausa) 's Twitter Profile Photo

Today, President Donald J. Trump 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 (@choprausa) 's Twitter Profile Photo

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/newsr…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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.

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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/hea…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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/newsr…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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 (@choprausa) 's Twitter Profile Photo

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/newsr…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

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, U.S. Department of Justice and several states sued RealPage for its algorithmic collusion scheme to drive up rents. bloomberg.com/news/articles/…

Rohit Chopra (@choprausa) 's Twitter Profile Photo

Today, the @CFPB is ordering TD Bank 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/newsr…

Today, the @CFPB is ordering <a href="/TDBank_US/">TD Bank</a> 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/newsr…
Rohit Chopra (@choprausa) 's Twitter Profile Photo

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/newsr…