The small agency that's threatening Big Tech
Since Rohit Chopra won confirmation a month ago as director of the Consumer Financial Protection Bureau (CFPB), which enforces federal consumer financial laws, he's already begun to flex the agency's regulatory powers in the tech realm.
One of Washington's most ardent Big Tech opponents is now empowered to investigate companies' inner business workings, write new rules and issue fines.
As a Democratic commissioner at the Federal Trade Commission, Chopra frequently challenged large tech companies. Now, as CFPB director, Chopra has the independence and power to go after companies for alleged bad behavior in the financial space as he sees fit.
I'm afraid Zuckerberg is too tough for him!
Far Far Away
