New CFPB chief vows tough oversight of big tech, large banks

Amazon, Google and other technology giants entering financial services should be subject to the same supervision banks are, Rohit Chopra said in his first congressional testimony as director of the Consumer Financial Protection Bureau. He also said he wants to focus enforcement on large firms that harm many people rather than chasing small companies.

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Source: https://www.lendacademy.com/new-cfpb-chief-vows-tough-oversight-of-big-tech-large-banks/