Rohit Chopra Confirmed as New CFPB Director: What to Expect Next?

After months of delay, Rohit Chopra has finally been confirmed by the Senate to serve as Consumer Financial Protection Bureau (CFPB) Director. In this webinar, we will discuss what we expect to happen next at the CFPB under Director Chopra’s leadership, including if there will be any significant differences in the approaches of Director Chopra and Acting Director Uejio.

The issues we will discuss include:

• Will Director Chopra use the Bureau’s enforcement authority to seek larger amounts of monetary relief for consumers and civil money penalties?
• Will Director Chopra launch a new “larger participant” rulemaking?
• How will Director Chopra approach the Bureau’s use of its authority to prohibit unfair, deceptive, or abusive acts and practices?
• What will Director Chopra’s short- and longer-term priorities for the Bureau be (i.e. Pandemic-related relief, fair lending, diversity and inclusion, and Fintech and technological innovation)?