Tensions in Banking and Tech Oversight

This chapter explores the conflicts between major banking figures, like Jamie Dimon, and regulatory bodies such as the Consumer Financial Protection Bureau (CFPB) with a focus on consumer protection issues. It also analyzes Mark Zuckerberg's dismissive remarks regarding regulatory scrutiny and discusses the implications of big tech's foray into financial services amid rising concerns about privacy and discrimination. The chapter critiques the role of the CFPB in hindering financial innovation and examines the opacity of banking practices towards politically exposed individuals.