Senator Elizabeth Warren (D-MA) urged the CFPB to take action against the "rampant fraud" on the peer-to-peer instant payment platform Zelle.
Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) urged regulators to adopt policies that facilitate innovation and consumer choice through the development of a healthy competitive market.
Senate Banking Committee Chair Sherrod Brown (D-OH) requested information from Apple Inc. and Alphabet Inc. on each company's safeguards in making available mobile apps that allow customers to trade digital assets.
Senators Elizabeth Warren (D-MA) and Tina Smith (D-MN) challenged Fidelity Investments to defend its recent decision to allow investments in Bitcoin in its 401(k) investment plan menu.
In a testimony before the House Financial Services Committee, CFPB Director Rohit Chopra reviewed progress to date on the agency's consumer protection agenda.