Chropa's Consumer Financial Protection Bureau this week reached a $191 million settlement with Regions Bank over overdraft fees. It's the latest example of the agency's newfound zeal.
September 29, 2022 at 01:45 PM
6 minute read
The original version of this story was published on Law.com
Consumer Financial Protection Bureau Director Rohit Chopra is becoming the financial services industry’s worst nightmare.
The agency, which was essentially gutted during the Trump presidency, is bringing cases with unprecedented aggressiveness—spurring a deluge of client notes from law firms urging vigilance.
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