AFSA President & CEO Bill Himpler interviewed Mr. Chopra during the 2020 AFSA Annual Meeting. You can view that conversation here.
President Joe Biden announced his intention to nominate Federal Trade Commissioner Rohit Chopra to serve as Director of the Consumer Financial Protection Bureau. And late on Inauguration Day, President Biden announced that Dave Uejio, currently head of strategy at the agency would serve as acting director until Chopra is confirmed.
As Bloomberg reported this morning:
[Commissioner] Chopra is familiar with the CFPB. The former consumer advocate helped establish the bureau alongside Sen. Elizabeth Warren (D-Mass.) after the financial crisis. He then served as the bureau’s first student loan ombudsman. Chopra is expected to reinvigorate the bureau quickly, beefing up its enforcement and oversight, particularly with a focus on Covid-19-related consumer relief, said Lucy Morris, a partner at Hudson Cook LLP. “He’s going to look to use all the tools in more expansive and creative ways,” said Morris, a former CFPB deputy enforcement director who worked with Chopra at the bureau.
AFSA released the following statement from Bill Himpler, President and CEO of the American Financial Services Association:
AFSA and its member companies congratulate Commissioner Chopra on his nomination to lead the Consumer Financial Protection Bureau. Since the Bureau’s inception, AFSA and our members in the traditional installment lending, vehicle finance, payment card, and mortgage industries have worked constructively with the CFPB leadership and staff,” said AFSA President & CEO Bill Himpler.
Mr. Chopra understands our issues from his time with both the CFPB and the FTC, and we look forward to working with him and the CFPB staff on policies that ensure consumers are both protected and have access to the credit products that meet their needs.
ICYMI | Big Changes Ahead at the CFPB
Jan 26, 2021
AFSA President & CEO Bill Himpler interviewed Mr. Chopra during the 2020 AFSA Annual Meeting. You can view that conversation here.
President Joe Biden announced his intention to nominate Federal Trade Commissioner Rohit Chopra to serve… Read the rest
Do you want Vehicle Finance Conference Goodies?
Jan 25, 2021
Not only is the 2021 Vehicle Finance chock full of great speakers and sessions, but attendees can look forward to getting lots of great goodies from our sponsors.
Interested? We thought so.
Register by February 1st to ensure that you get all … Read the rest
Trend-setting: How Far, How Fast?
Jan 25, 2021
Join Sheryl Connelly, Corporate Futurist with Ford Motor Company, at the 2021 Vehicle Finance Conference as she highlights trends in the social, technological, economic, environmental, and political arenas. Attendees will hear Sheryl’s… Read the rest
Illinois’s 36% Solution is No Solution At All
Jan 22, 2021
Earlier today, the American Financial Services Association, the Illinois Financial Services Association, the Independent Finance Association of Illinois, and the Illinois Automobile Dealers Association wrote to Illinois Gov. J.B.… Read the rest
Big Changes Ahead at the CFPB
Jan 21, 2021
President Joe Biden announced his intention to nominate Federal Trade Commissioner Rohit Chopra to serve as Director of the Consumer Financial Protection Bureau. And late on Inauguration Day, President Biden announced that Dave Uejio,… Read the rest
Federal Banking Agencies Issue Final Rules on Supervisory Guidance
Jan 21, 2021
This week, the Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union Administration, and the Office of the Comptroller of the Currency issued final rules clarifying the role of supervisory… Read the rest
Get C-Suite Views at the 2021 Vehicle Finance Conference
Jan 20, 2021
Join vehicle finance industry leaders as they provide their perspectives and takeaways from 2020, and share their insights on the challenges and opportunities coming down the road in 2021.
AFSA is pleased to share that the following senior… Read the rest
OCC Finalizes Fair Access Rule
Jan 19, 2021
The Office of the Comptroller of the Currency (OCC) released its finalized rule to ensure fair access to banking services provided by large national banks, federal savings associations, and federal branches and agencies of foreign bank… Read the rest
Biden to Name Chopra to CFPB Director
Jan 18, 2021
Today, President-elect Joe Biden announced that Federal Trade Commissioner Rohit Chopra will be nominated to serve as Director of the Consumer Financial Protection Bureau. The following statement may be attributed to Bill Himpler, President… Read the rest
Get the Economic Outlook from Dr. Mark Zandi
Jan 13, 2021
AFSA is pleased to announce that Dr. Mark Zandi, Chief Economist at Moody’s Analytics, and co-Founder of Economy.com will present at AFSA’s 2021 Virtual Vehicle Finance Conference.
Dr. Zandi, a trusted adviser to policymakers and… Read the rest