Rohit Chopra

We're supposed to police banking, lending, and payments. And when companies like Facebook are creating their own currency, and fortunately it got killed, But you see more of these big giants lurching into lending and payments. It's not the CFPB expanding into tech. It's these companies expanding into the core work that we do.

So it is true that Google actually sued us because we were asking questions or wanted to ask questions about how they were handling people's money and their data.

So it is true that Google actually sued us because we were asking questions or wanted to ask questions about how they were handling people's money and their data.

So I think that this is really about power, is that there are certain companies who feel that they should not have to follow the laws that our Congress passes, that they are somehow special, that there is an exemption for fancy technology.

So I think that this is really about power, is that there are certain companies who feel that they should not have to follow the laws that our Congress passes, that they are somehow special, that there is an exemption for fancy technology.

But I think we as people should want a lot of technological progress, but not if it comes at the expense of our dignity, our democracy, and frankly, fairness in our economy.

But I think we as people should want a lot of technological progress, but not if it comes at the expense of our dignity, our democracy, and frankly, fairness in our economy.

Actually, I really feel for all the businesses out there who sometimes think that they're chumps because they're following the law, especially small players, while big giants can break the law with impunity Pay a fine and move on. I mean you asked about Facebook. When I was an FTC commissioner, Facebook was embroiled in a scandal related to Cambridge Analytica.

Actually, I really feel for all the businesses out there who sometimes think that they're chumps because they're following the law, especially small players, while big giants can break the law with impunity Pay a fine and move on. I mean you asked about Facebook. When I was an FTC commissioner, Facebook was embroiled in a scandal related to Cambridge Analytica.

It had flagrantly violated an FTC law enforcement order and what happened was that they paid – billions of dollars so that Mark Zuckerberg and other executives could get an immunity clause in the settlement. And I actually think most people, it's not just everyday citizens, it's even business owners are asking themselves, how do these big CEOs seem to always get off scot-free?

It had flagrantly violated an FTC law enforcement order and what happened was that they paid – billions of dollars so that Mark Zuckerberg and other executives could get an immunity clause in the settlement. And I actually think most people, it's not just everyday citizens, it's even business owners are asking themselves, how do these big CEOs seem to always get off scot-free?

You know, after the financial crisis, John, it felt like there was absolutely no accountability. Millions of people lost their home, but barely any executives were held accountable. In fact, their companies were bailed out and they got bigger.

You know, after the financial crisis, John, it felt like there was absolutely no accountability. Millions of people lost their home, but barely any executives were held accountable. In fact, their companies were bailed out and they got bigger.

Well, you always have some regrets. And I think when it comes down to it, there is so much abuse of power by some of the biggest powerful companies. And it takes a lot of effort to stand up to that and prosecute that when they violate the law. And we could always use more energy from the public to unearth that fraud.

Well, you always have some regrets. And I think when it comes down to it, there is so much abuse of power by some of the biggest powerful companies. And it takes a lot of effort to stand up to that and prosecute that when they violate the law. And we could always use more energy from the public to unearth that fraud.

So, yeah, I mean, look, at the end of the day, we always made sure that we were following every law and we did. And I don't regret any of that. I think we cannot have a strong society if individuals feel that they can just sidestep the laws of the land.

So, yeah, I mean, look, at the end of the day, we always made sure that we were following every law and we did. And I don't regret any of that. I think we cannot have a strong society if individuals feel that they can just sidestep the laws of the land.

Well, you know, it's really interesting. When I got actually to both the FTC and the CFPB, it really was so clear to me that it was a sleep at the wheel. I mean, we saw so much crime against consumers that really it was almost a catch and release policy. You find them and you let them go.

Well, you know, it's really interesting. When I got actually to both the FTC and the CFPB, it really was so clear to me that it was a sleep at the wheel. I mean, we saw so much crime against consumers that really it was almost a catch and release policy. You find them and you let them go.

And I do think that just having someone who is a watchdog, it actually does scare off some of the worst, worst abuses against people. And this is why I really do think that corporate law enforcement where people can actually stop those abuses.