On the recordMarch 9, 2020
the bank is still broken and continues to harm consumers.
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congress.govthe bank is still broken and continues to harm consumers.
Wells Fargo's ongoing issues with consumer harm highlighted.
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I would like to welcome Director Rohit Chopra back to our committee and applaud the excellent work the CFPB has done under your leadership to protect our nation's consumers.
This is not for any one ethnic group. This is for everybody. Because we have a crisis in this country.
But, if anything, this rule should increase competition by ensuring that the largest companies are not able to leverage their size and data to unfairly crowd out smaller companies.
I am pleased that the CFPB is finally taking action to oversee these companies.