Overview

• Chopra asserts CFPB's funding structure is lawful despite new Republican criticisms.
• Sen. John Kennedy questions CFPB's legality based on Federal Reserve's earnings status.
• Chopra highlights concerns over monetization of consumer financial data by companies like PayPal and JPMorgan.
• CFPB aims to finalize open banking rules and remove medical debt from credit reports.
• Chopra warns of potential financial instability from AI and non-bank financial firms.