[ad_1]
During the confirmation hearing in the Senate Banking Committee, the Ranking Member Senator Pat Toomey did not support Chopra as he feared they would impose burdensome regulations and advance a liberal social agenda on each agency.
The Financial Technology Association, a group that advocates on behalf of Fintechs, welcomed the confirmation of Chopra:
“The Financial Technology Association (FTA) congratulates Rohit Chopra on his confirmation as the next Director of the CFPB. Throughout his career, Director Chopra has been a strong advocate for consumers and the promotion of fairness in financial services. As a leader in promoting trusted digital financial services, FTA looks forward to working with Director Chopra on key policies that expand financial opportunity, increase fairness, and empower individuals, including CFPB implementation of a U.S. open banking framework and support for consumer-centric fintech innovation.”
[ad_2]
Source link