Director Rohit Chopra outlined recent efforts to combat price gouging and unfair practices in financial services, focusing on private equity involvement, junk fees, and credit card interest rates.
The CFPB notes that there are a few things that routinely come up, especially related to ensuring that startups and new businesses can emerge, bring their services to market, and challenge incumbents.
The CFPB published a new issue spotlight highlighting the impacts of Big Tech companies’ policies and practices that govern tap-to-pay on mobile devices like smartphones and watches.