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President-elect Joe Biden announced numerous appointments on Monday, including Rohit Chopra to be the director of the Consumer Financial Protection Bureau.
Chopra, a commissioner on the Federal Trade Commission, was unanimously confirmed by the Senate in 2018, and has been the assistant director of the CFPB, where he led the bureau’s efforts regarding student loans. In 2011, the Secretary of the Treasury appointed Chopra to be the agency’s Student Loan Ombudsman, a new position established in the financial reform law. He has also been a special advisor at the U.S. Department of Education.
“We congratulate Rohit Chopra on his nomination to serve as the next Director of the Consumer Financial Protection Bureau,” said Rob Nichols, president and CEO of the American Bankers Association. “We look forward to working with Commissioner Chopra to make sure consumers continue to have access to the financial products and services they want and need with the protections they deserve.”
Chopra has a history of pushing for aggressive remedies against lawbreaking companies, especially amid repeated incidences, a press release by the Biden administration said. With state and international law enforcement partners, Chopra has worked to increase scrutiny of dominant tech firms that pose risks to privacy, national security and fair competition.
Chopra He has a bachelor’s degree from Harvard University and an MBA from the Wharton School at the University of Pennsylvania.
“To meet the unprecedented challenges facing the American people, we will need deeply experienced and knowledgeable leaders across our administration,” said Vice-President-elect Kamala Harris.
“These remarkable public servants reflect the very best of our nation, and they will help us contain this pandemic, create an economy that works for working people, and rebuild our country in a way that lifts up all Americans,” Harris said.
