New Consumer Cop Takes the Stage
Later this week, CFPB Director Chopra will appear before both the Senate Banking and House Financial Services Committees. Each will use the newly-confirmed director’s debut as a platform on which to elicit promises for future action or oppose the same on each Member’s priority concerns. Mr. Chopra may also use his testimony to chart a new course, expanding on initiatives launched by Acting Director Uejio and announcing new rules, policies, and enforcement program no acting official could set fully in motion. We’ll of course provide clients with in-depth reports on Director Chopra’s testimony and what Congress has to say about it.