What every CEO and General Counsel needs to know about new CFPB Director Chopra

Editor's NoteThis article/podcast, authored by Barbara S. Mishkin of Ballard Spahr, previously appeared on Ballard Spahr’s Consumer Finance Monitor and is re-published here with permission.

Having previously worked closely with CFPB Director Chopra while he served as the CFPB’s Acting Director and its first Deputy Director, Mr. Date provides a unique perspective on Mr. Chopra’s views and likely actions as CFPB Director.  We discuss how the CFPB is likely to approach key areas under Mr. Chopra’s leadership, including fair lending and digital redlining, technology/fintech, and mortgage lending and servicing.  We also discuss whether Director Chopra will revisit CFPB rulemaking for small-dollar lending, debt collection, or arbitration.

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation joined by Chris Willis, Co-Chair of the firm’s Consumer Financial Services Group, James Kim, a partner in the Group and co-leader of the firm’s Fintech and Payments Team, and Richard Andreano, co-leader of the firm’s Mortgage Banking Group.

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