U.S. consumer watchdog eyeing Big Tech, lending competition as recovery unfolds -testimony

U.S. consumer watchdog eyeing Big Tech, lending competition as recovery unfolds -testimony

3 years ago
Anonymous $np3LcwuhSi

https://www.reuters.com/article/usa-house-chopra-cfpb/u-s-consumer-watchdog-eyeing-big-tech-lending-competition-as-recovery-unfolds-testimony-idUSKBN2HG267

WASHINGTON (Reuters) -The head of the U.S. Consumer Financial Protection Bureau (CFPB), Rohit Chopra, will tell lawmakers on Wednesday the agency seeks to minimize foreclosures on struggling American homeowners and ensure "greater competitive intensity" in consumer lending, according to his prepared testimony.