From crypto to apps, CFPB’s Chopra focuses on payments

By Jon Hill (July 27, 2022, 12:02 a.m. EDT) – Consumer Financial Protection Bureau Director Rohit Chopra continues a busy schedule that includes monitoring the downstream impacts on consumers of rising interest rates. interest, preparation for the age of real-time payments and a tough line with so-called repeat business. “Stay tuned,” he told Law360.

Rohit Chopra In an extensive interview, Chopra discussed how the CFPB might seek to help mortgage borrowers strained by the Federal Reserve’s battle with inflation and how the agency views cryptocurrency, which the rest of Washington, DC strives to regulate.

Chopra launched the crypto amid a wave of…

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