Rohit Chopra
| Rohit Chopra | |
 | |
| Basic facts | |
| Organization: | Biden administration |
| Role: | Director of the Consumer Financial Protection Bureau |
| Affiliation: | Democratic |
| Education: | • Harvard University • Wharton School of the University of Pennsylvania |
Rohit Chopra was the director of the Consumer Financial Protection Bureau from 2021 to 2025. He was confirmed by the Senate on September 30, 2021, by a vote of 50-48.[1] He previously served as a commissioner on the Federal Trade Commission.[2]
Biography
Chopra received a B.A. from Harvard University and an MBA from the Wharton School at the University of Pennsylvania. He worked at McKinsey & Company from 2008 to 2010 in the financial services, healthcare, and consumer technology sectors.[3][4]
From 2010 to 2015, he worked at the Consumer Financial Protection Bureau as an assistant director and student loan ombudsman. He was also a special adviser to the secretary of education at the U.S. Department of Education in 2016 on loan servicing issues.[3][4]
In 2018, he became a commissioner on the Federal Trade Commission.[4]
Nomination for director of the Consumer Financial Protection Bureau
- See also: Joe Biden presidential transition
The Biden Transition announced on January 18, 2021, that Chopra would be nominated for director of the Consumer Financial Protection Bureau. CNN called his selection "a victory for the Democratic Party's progressive wing, which has led the charge for more aggressive oversight of the financial industry. Chopra was in on the ground floor with Warren, who built the CFPB as part of the Dodd-Frank law passed in response to the 2008 financial crisis."[5]
He was confirmed by the Senate on September 30, 2021, by a vote of 50-48. Vice President Kamala Harris (D) cast a tie-breaking vote to invoke cloture on his nomination.[1]
External links
Footnotes
- ↑ 1.0 1.1 Congress.gov, "PN116 — Rohit Chopra — Bureau of Consumer Financial Protection," accessed October 1, 2021
- ↑ CNN, "Biden nominates Gary Gensler for SEC commissioner, Rohit Chopra to lead Consumer Financial Protection Bureau," January 18, 2021
- ↑ 3.0 3.1 Federal Trade Commission, "Rohit Chopra," accessed January 25, 2021
- ↑ 4.0 4.1 4.2 LinkedIn, "Rohit Chopra," accessed January 25, 2021
- ↑ CNN, "Biden nominates Gary Gensler for SEC commissioner, Rohit Chopra to lead Consumer Financial Protection Bureau," January 18, 2021
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