[ad_1] Rohit Chopra, director of the Shopper Monetary Coverage Bureau, mentioned Friday that the bureau’s lately proposed open-banking rule may lend a hand smaller banks, together with minority depository establishments and neighborhood construction monetary establishments — compete head-to-head with larger banks in lending and services and products.Bloomberg Information WASHINGTON — A lately proposed rule giving […]
CFPB’s Chopra warns of ‘consolidated’ bills marketplace, previews new steerage
[ad_1] Rohit Chopra, director of the Client Monetary Coverage Bureau, stated Friday that regulators want to be proactive in regulating bills to stop a “consolidation” between banking actions and business actions.Bloomberg Information WASHINGTON — Client Monetary Coverage Bureau director Rohit Chopra stated in a speech Friday that the absence of transparent laws round virtual bills […]