In fiery Senate hearing, U.S. CFPB chief focuses on Big Tech influence, competition


FILE PHOTO: Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly/File Photo

WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau (CFPB) will promote competition and scrutinize the outsized influence Big Tech firms have in the marketplace, its director told the Senate Banking Committee during a hearing on Tuesday.

Rohit Chopra, who was sworn in as CFPB director in October, fended off attacks from Republicans over his role in a regulatory spat.

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