Biden chooses Rohit Chopra to lead the Consumer Protection Agency

Two sources told NBC News that President-elect Joe Biden has selected Rohit Chopra as the next director of the Consumer Financial Protection Bureau.

Chopra, a member of the Federal Trade Commission, helped launch the agency in 2011 and previously worked as its assistant director.

It is an ally of Senator Elizabeth Warren, a Democrat from Massachusetts, who has proposed and built a consumer-focused agency. It is also supported by progressive groups. I mentioned Bloomberg for the first time Chopra selection.

And among those who praised the move on Sunday They were Randy WeingartenLeader of the American Federation of Educators, W. Consumer advocacy organization Public Citizen, Which he described as „a fantastic choice that will take the agency back to the days of actual fighting for consumers.“

At CFPB, Chopra worked on student loan issues and helped secure funding for people illegally targeted by debt collectors, for-profit colleges, and more. According to his agency biography.

In the Federal Trade Commission, he “lobbied for aggressive remedies against firms in violation of the law, especially repeat offenders, and worked to reverse the Federal Trade Commission’s reliance on no-money and no-fault settlements,” his bio says.

Reported by Jeff Bennett in Washington and Tim Stiloah in California.