CFPB’s Chopra unhappy with credit scores

American Banker’s Penny Crosman has the story here (behind a paywall but available on Lexis), based on remarks at the Fintech Nexus conference. CFPB Director Rohit Chopra also spoke about how he wants to make it easier for consumers to switch banks so they can more readily take advantage of better prices or service and how he would like to see Buy Now Pay Later loans subject to the same protections as credit cards. That last may mean he would like to see BNPL subject to the same rules credit cards are for billing disputes and being subject to the consumer’s claims and defenses.

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