Biden appoints new Director to CFPB - Rohit Chopra

So - how does this affect use . . .

Chopra was formerly the student loan Ombudsman, so he has extensive experience with student loans. In November, he issued a statement advocating for more co-operation between the CFPB and the FTC citing that join efforts would reduce duplicative efforts and thereby lead to efficiencies which would translate to bigger recoveries for consumers. Additionally "we must stop ignoring Congress and recalibrate priorities and strategies in the financial services arena.

Maybe they will give more credence to the Congressional letter asking them to stop enforcing the TSR on Credit Repair Companies! See attached letter from Congress.

 

Matt

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