Rohit Chopra
On Tuesday morning, as the CFPB's Personal Financial Data Rights rule became final, Director Rohit Chopra spoke to members of the Federal Reserve Bank of Philadelphia to lay out the vision and reasoning of the new rule and how it will empower individuals in a way that could lead to "a more open and decentralized market for financial services."
In comments to the audience, Chopra said, "By allowing consumers to permission their personal financial data, people can more easily sign up, switch accounts and take their financial history with them. But, much of the data sharing that does take place today uses unsafe methods – like third parties using consumer credentials to scrape vast amounts of data from online banking interfaces."
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
