Rohit Chopra’s recent regulatory proposals aim to show that the Consumer Financial Protection Bureau can find bipartisan consensus, especially in the wake of potential Republican pushback.
Chopra's initiatives to regulate tech payment services garner praise from banks, illustrating a potential shift in attitudes towards the CFPB as it attempts to solidify its role.
This strategic move by the CFPB aims to create divisions within the financial industry’s opposition, which may hinder efforts to diminish the bureau’s rules.
By underscoring areas of bipartisan agreement, the CFPB under Chopra is positioning itself to withstand potential challenges to its authority from a Republican-controlled Congress.
#consumer-financial-protection-bureau #rohit-chopra #regulation #banking-industry #bipartisan-agreement
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