Washington, D.C. – The U.S. Chamber of Commerce today launched an extensive campaign to expose and defeat Consumer Finance Protection Bureau (CFPB) Director Rohit Chopra’s ideologically driven agenda to radically change the nature of America’s financial services industry. If allowed to proceed, his agenda would harm consumer choice and innovation.In various speeches, Director Chopra has outlined extreme and inaccurate views around the state of our financial system regulations. He has:Described “repeat offenses” as “par for the course for many dominant firms.”Stated that financial regulators were “…clueless and often corrupt lawyers and economists…often seen as auditioning for a future job…”Coined the term “junk fees” as “exploitive income streams” in a heavy-handed attempt to vilify legal products that have well-disclosed terms.The Chamber’s campaign is specifically objecting to several unlawful actions including Chopra’s intentions to change rules without accountability, injecti
