CFPB Director Chopra’s Actions to Protect Consumers Deserve Praise, Not Criticism, at Congressional Hearings

WASHINGTON, D.C. – Starting today at 10 AM ET, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testifies before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on the CFPB’s Semiannual Report to Congress. He will also testify on the report before the House Committee on Financial Services tomorrow at 10 AM ET.

“Director Chopra’s actions to protect consumers from predatory financial practices deserve praise, not criticism, from Congress,” said Mike Calhoun, president of the Center for Responsible Lending. “American families need protections from abusive financial practices, and Director Chopra’s commonsense requests for information on bank mergers and on junk fees, such as overdraft fees, are appropriate steps to gather the data so that these protections can be carefully crafted.”

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Press Contact: matthew.kravitz@responsiblelending.org