I am concerned as well that in this balance between wrongdoing by some lenders and consumers, that the agency may be erring too much on the side of these lenders that may be engaging in predatory practices.
Ocasio-Cortez expresses concern about the CFPB favoring lenders over consumers.
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What we are hoping for is that we want to make sure that we never get to that point.
The CHIPS Act was passed before we saw this huge development in AI, so the CHIPS Act was really passed before data centers were a thing, so it wasn’t designed to anticipate the huge amount of supply that these centers are sucking up.
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