CFPB Chief Fears Growth Of Big Tech 'Surveillance State'

By Jon Hill (October 28, 2021, 5:56 PM EDT) -- The Consumer Financial Protection Bureau's director told senators Thursday that Silicon Valley technology giants are turning the U.S. "into a bit of a surveillance state" through their command of consumer data and suggested that financial privacy protections need updating.

Appearing before the Senate Banking Committee, Rohit Chopra doubled down on concerns he expressed the previous day to House lawmakers about the inroads that large technology companies like Facebook and Apple are making into the financial services arena.

"Our country is turning into a bit of a surveillance state when it comes to some of these tech companies," Chopra said, adding they...

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