Rohit Chopra Confirmed as New CFPB Director

On 9/30/2021, Rohit Chopra was confirmed by a Senate vote of 50 to 48 to become the next director of the Consumer Financial Protection Bureau. As we have reported previously, Chopra is a former McKinsey & Company consultant, worked with Senator Elizabeth Warren on establishing the CFPB before heading up the student lending division of the CFPB in 2011, and has been a member of the Federal Trade Commission since 2018.

HUD Issues ANPR on Transitioning Away from LIBOR

CFPB Reminds of Mortgage Servicing Rules