Rohit Chopra

Their medical bill gets parked on their credit report and all of a sudden they can't pass maybe even employment verification checks or can't get an apartment, can't get a loan because of a sickness that they've had and for a bill that they do not even owe.

Their medical bill gets parked on their credit report and all of a sudden they can't pass maybe even employment verification checks or can't get an apartment, can't get a loan because of a sickness that they've had and for a bill that they do not even owe.

And I think a lot of people are sick and tired that these credit reporting conglomerates, Experian, TransUnion, and Equifax have so much power over what happens in our financial life. And in some cases, don't take the basic steps to make sure that the information on your credit report is real.

And I think a lot of people are sick and tired that these credit reporting conglomerates, Experian, TransUnion, and Equifax have so much power over what happens in our financial life. And in some cases, don't take the basic steps to make sure that the information on your credit report is real.

Allowing people to put phantom debt or park it on the credit report as a means to coerce you into paying a bill you don't owe I think is absolutely egregious. The CFPB finalized a rule to ban that practice and I hope that it actually takes effect.

Allowing people to put phantom debt or park it on the credit report as a means to coerce you into paying a bill you don't owe I think is absolutely egregious. The CFPB finalized a rule to ban that practice and I hope that it actually takes effect.

Well, someone needs to enforce those rules, but we also have seen reporting that they've instructed the staff to try and delay them to make sure that they never see reality. Or maybe if the CFPB has been sued by these big industry players to stop it, maybe they just won't defend against that. So to me, I think there's just like makes your blood boil.

Well, someone needs to enforce those rules, but we also have seen reporting that they've instructed the staff to try and delay them to make sure that they never see reality. Or maybe if the CFPB has been sued by these big industry players to stop it, maybe they just won't defend against that. So to me, I think there's just like makes your blood boil.

But that's why this matters so much is that maybe maybe it's small, this issue of a credit report. But for somebody who's dealing with it in the moment, it is a big, big deal. You know, maybe that one single overdraft fee doesn't matter to a person. But for somebody who got hit with four fees rather than one, it can send them on a treadmill of debt.

But that's why this matters so much is that maybe maybe it's small, this issue of a credit report. But for somebody who's dealing with it in the moment, it is a big, big deal. You know, maybe that one single overdraft fee doesn't matter to a person. But for somebody who got hit with four fees rather than one, it can send them on a treadmill of debt.

Maybe one student loan payment being misallocated is not a big deal, but when they screw up your entire loan so that you don't get to qualify for a public service cancellation, that's a big deal.

Maybe one student loan payment being misallocated is not a big deal, but when they screw up your entire loan so that you don't get to qualify for a public service cancellation, that's a big deal.

Yeah, and I hear every day we would get thousands of people who would file complaints with us on our website. And what was great is it didn't go into some black hole. We actually sent it to the company and told the company respond. And without really any resources at all, other than the tech that we created, people every day were getting refunds. They were getting their credit report fixed.

Yeah, and I hear every day we would get thousands of people who would file complaints with us on our website. And what was great is it didn't go into some black hole. We actually sent it to the company and told the company respond. And without really any resources at all, other than the tech that we created, people every day were getting refunds. They were getting their credit report fixed.

Sometimes they saved their home or their car. And for those individuals, you hear – I read the letters that they would send about finally they felt like their government was doing something that they really benefited from.

Sometimes they saved their home or their car. And for those individuals, you hear – I read the letters that they would send about finally they felt like their government was doing something that they really benefited from.

And I think that's just so important that we demonstrate we don't do this just because there's some acronym that maybe people won't remember we do it because we want to give people power and dignity in their life. And I think that's exactly what the CFPB has done for so many.

And I think that's just so important that we demonstrate we don't do this just because there's some acronym that maybe people won't remember we do it because we want to give people power and dignity in their life. And I think that's exactly what the CFPB has done for so many.

Yeah, so I think everyone realizes there is a totally different way that we pay for things now. When we go in the store, we tap. Online, it's different. There's a whole set of new choices. But here's what's really shifting, right?

Yeah, so I think everyone realizes there is a totally different way that we pay for things now. When we go in the store, we tap. Online, it's different. There's a whole set of new choices. But here's what's really shifting, right?