Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
The secretary of state’s talks with Xi Jinping raised hopes that the world’s two biggest economies might stabilize relations, but the big challenges were not resolved.
President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.
A breather in the central bank’s anti-inflation policy is expected, but still-rising inflation has investors bracing for another raise later this year.