U.S. CFPB chief to testify before Senate panel around open banking, Big Tech -testimony

The seal of the Consumer Financial Protection Bureau (CFPB) is seen at their headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly

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WASHINGTON, April 25 (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra will tell congress on Tuesday that the agency will propose in a “timely fashion” a measure on open banking and small business lending data, according to testimony published on a Congressional website.

During his second hearing as consumer watchdog before the U.S. Senate Banking Committee, Chopra will also spell out the latest scrutiny