CFPB gives credit card and mortgage rules ‘makeover’

By Jon Hill (June 17, 2022, 8:13 p.m. EDT) — Bureau of Consumer Financial Protection Director Rohit Chopra said Friday that his agency would take a “fresh look” at some of its existing credit card regulations. credit and credit reports, as well as some Trump-era mortgage rules.

In a blog post, Chopra said the CFPB was looking at a “host” of old rules on its books, including ones that set inflation-indexed limits on what credit card issuers charge in penalties. delay and other costs, which he sought to control. as part of an effort to save consumers money.

Chopra said the CFPB is also reviewing the rules it inherited…

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