Rohit Chopra

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Last quote by Rohit Chopra

Credit reporting companies serve as a major piece of our financial infrastructure in America but face less regulatory scrutiny. A small regional bank might face far more intensive scrutiny compared to a credit reporting agency that touches far more consumers.feedback
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Sep 19 2017
This page is completely dedicated to what Rohit Chopra has to say. All of Rohit Chopra’s quotes are organized here by date and topic. The most recent quote attributed to Rohit Chopra came from an article called Republicans strike back at new U.S. ban on forced arbitration: “To suggest that this rule would cause a financial crisis is ridiculous on its face.”.
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Rohit Chopra quotes

Apr 11 2017

This action really raises the stakes for the CFPB to clean up problems in the market by developing common sense rules. If the Education Department is not going to clean up its own servicers using its buyer power, then regulators will have to step in to create a leveled playing field.feedback

Apr 07 2017

This is one of the most complex programs ever concocted by Congress. So many people who are counting on getting some help are going to be flatly rejected on a technicality.feedback

Apr 04 2017 - Wall Street

The banking industry is right to be worried about heavy debt burdens of young consumers. But the answer is not hand the keys back to Wall Street. We tried that before and it failed miserably.feedback

Mar 17 2017

The administration's first move on the student loan default crisis will do nothing to stop the tidal wave of defaults that is sweeping across the nation. With more than 3,000 Americans defaulting on a student loan every day, this just adds insult to injury.feedback

Mar 14 2017 - Unemployment

Despite a booming stock market and unemployment falling, student loan borrowers are struggling.feedback

Mar 14 2017

We thought in an improving labor market, default rates would improve but we simply are not seeing that.feedback

Mar 14 2017

Despite all improvements in the economy, student loan borrowers are still struggling.feedback

Mar 14 2017 - Unemployment

Despite a rising stock market and falling unemployment, student loan borrowers are still struggling. The economy remains very difficult for so many young people just starting out. More than 1 million people defaulted last year, and most of that could have been prevented by loan servicers. Too many of them put their own bottom line before the best interest of borrowers. There are too many people given the run around.feedback

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