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president has the authority to fire the leader of the ConsumerFinancialProtectionBureau (CFPB), which was formed after the financial crisis, according to the Financial Times. The CFPB was founded in 2010. The Supreme Court heard arguments about whether a sitting U.S.
They also believe that the setup raises concerns about how online transactions are treated under the Durbin amendment, which was part of the 2010 Dodd-Frank Act. In addition, the National Retail Federation (NRF) is planning to meet soon with federal regulators, including the Fed, the FTC and the ConsumerFinancialProtectionBureau (CFPB).
As noted by the news outlet, the government will leverage existing antitrust law, and any fines or regulatory actions tied to the new mandates would be the purview of the Fair Trade Commission (FTC). CFPB Files Suit Against Citizens Bank. Digital Currencies, Too.
Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), is expected to be tapped by President-elect Joe Biden to head the ConsumerFinancialProtectionBureau (CFPB), according to the Wall Street Journal (WSJ) on Monday (Jan. At the FTC since 2018, Chopra was an aggressive enforcer.
As reported, President-elect Joe Biden nominated Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), to lead the ConsumerFinancialProtectionBureau (CFPB), replacing Kathy Kraninger as director (who remains in her post in a term that technically runs through 2023, but is likely to be replaced by Biden).
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