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The tech industry is kind of every industry at this point, including the financial industry, which is why the the Consumer Financial Protection Bureau is starting to pay a lot more attention to tech companies. From PayPal, to Apple Pay, to Meta’s digital currency, the agency set up to rein in big banks is now calling out Big Tech. Last month, it asked online payment processors for more information on how they are operating. Marketplace’s Kimberly Adams went to the CFPB’s offices, just across the street from the White House, and asked the new director, Rohit Chopra, if he believes his agency is adequately equipped to take on these big companies.
By Marketplace4.4
7777 ratings
The tech industry is kind of every industry at this point, including the financial industry, which is why the the Consumer Financial Protection Bureau is starting to pay a lot more attention to tech companies. From PayPal, to Apple Pay, to Meta’s digital currency, the agency set up to rein in big banks is now calling out Big Tech. Last month, it asked online payment processors for more information on how they are operating. Marketplace’s Kimberly Adams went to the CFPB’s offices, just across the street from the White House, and asked the new director, Rohit Chopra, if he believes his agency is adequately equipped to take on these big companies.

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