Recent developments at the Consumer Financial Protection Bureau (CFPB) have put a freeze on the work being done to regulate big tech companies.

The CFPB, which is tasked with protecting consumers and enforcing consumer financial laws, has seen a shift in priorities under the current administration. This shift has led to a freeze on new regulations that were in the works to address the growing influence and power of big tech companies in the financial sector.

Some critics argue that this freeze is allowing big tech companies to operate without adequate oversight and regulation, potentially putting consumers at risk. They fear that without proper regulation, these companies could engage in harmful practices that exploit consumer data and manipulate financial markets.

As the debate over big tech regulation continues, many are calling for the CFPB to resume its work and prioritize regulations that will protect consumers from the potentially harmful effects of unchecked big tech power.