Rohit Chopra is cracking down on big banks and Big Tech — and business groups claim he’s out of control
Read Time: 1 minOf Counsel Brian Fink (Washington, DC) was interviewed by Market Watch on November 4, 2022, for an article titled “Rohit Chopra is cracking down on big banks and Big Tech — and business groups claim he’s out of control,” in which he discussed the Consumer Financial Protection Bureau’s (CFPB) forward-thinking approach.
That guidance, which has so far covered credit decisions based on complex algorithms, the security of sensitive consumer information, and other issues, are a sign that the CFPB is “creating this record of their take on the law and encouraging others to go out and follow it,” perhaps with an eye toward a future when there’s different CFPB leadership that may have a very different agenda, says Brian Fink, an agency veteran and attorney at McGlinchey Stafford.