Financial Services Financial Services

Comment: US consumer watchdog Chopra foreshadowed Treasury plans for banks using Big Tech cloud providers

By Neil Roland
  • 09 Feb 2023 19:55
  • 09 Feb 2023 19:55
Rohit Chopra, head of the US Consumer Financial Protection Bureau, proved to be a bellwether of Biden administration plans released yesterday for addressing risks to banks that outsource cloud computing to large technology companies.
The government’s top consumer watchdog spoke in April 2022 of his concerns about these back-office operations,

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

Discover MLex

Stay on top of global regulatory developments

Latest News