
Rohit Chopra discusses the disconnect between the financial sector and the real economy, highlighting issues like rising credit card rates and opaque lending products.
The financial industry is supposed to be our economy’s plumbing, quietly channeling capital to investments where it’s needed most. But in today’s system, that plumbing is leaking. From rising credit card rates and opaque lending products to the decline of local banking and the growth of speculative activity, the financial sector is increasingly disconnected from the real economy it was built to serve. Rohit Chopra, former director of the Consumer Financial Protection Bureau, joins Oren to ex...
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