Rohit Chopra

Rohit Chopra
3rd Director of the Consumer Financial Protection Bureau
Incumbent
Assumed office
October 12, 2021
PresidentJoe Biden
Preceded byKathy Kraninger
Commissioner of the Federal Trade Commission
In office
May 2, 2018 – October 12, 2021
PresidentDonald Trump
Joe Biden
Preceded byJoshua D. Wright
Succeeded byAlvaro Bedoya
Personal details
Born (1982-01-30) January 30, 1982 (age 42)
Plainfield, New Jersey, U.S.
Political partyDemocratic
Education
Signature

Rohit Chopra (born January 30, 1982) is an American consumer advocate who is the third director of the Consumer Financial Protection Bureau (CFPB) and previous member of the Federal Trade Commission (FTC). Prior to this, Chopra served as assistant director of the CFPB and as the agency's first Student Loan Ombudsman, an office created by the Dodd–Frank Act.[1]

In 2017, President Donald Trump nominated Chopra to fill the open Democratic seat on the Federal Trade Commission (FTC).[2] Chopra was unanimously confirmed by the U.S. Senate,[3] and was sworn in on May 2, 2018.[4] As a member of the FTC, Chopra supported agency efforts to scrutinize the practices of Big Tech companies such as Google and Facebook.[5]

Considered an ally of Senator Elizabeth Warren,[6] under whom he served at the CFPB, Chopra favors stronger oversight of banks and other financial institutions.[7] In 2021, he was chosen by President Joe Biden to serve as Director of the Consumer Financial Protection Bureau.[8][9] Chopra is closely associated with efforts to reform the system of student loans in the United States.[10][11]

  1. ^ "Rohit Chopra · Consumer Federation of America". Archived from the original on April 27, 2018. Retrieved July 3, 2018.
  2. ^ "President Donald J. Trump Announces Intent to Nominate Personnel to Key Administration Posts". whitehouse.gov – via National Archives.
  3. ^ "Senate Cloakroom on Twitter". Retrieved July 3, 2018.
  4. ^ "FTC Fully Stocked As 3 More Commissioners Are Sworn In". Law360.com. Retrieved July 3, 2018.
  5. ^ Reardon, Marguerite. "FTC Democrat says agency should get more aggressive with big tech". CNET. Retrieved September 10, 2021.
  6. ^ Restuccia, Andrew Ackerman and Andrew (January 18, 2021). "Biden to Pick Rohit Chopra to Lead Consumer-Finance Agency". Wall Street Journal. ISSN 0099-9660. Retrieved September 10, 2021.
  7. ^ Lazarus, David (May 21, 2021). "Column: Biden, unlike Trump, thinks businesses shouldn't be free to abuse consumers". Los Angeles Times. Retrieved September 10, 2021.
  8. ^ "Biden taps Warren ally Chopra to lead Consumer Bureau". POLITICO. January 17, 2021. Retrieved January 18, 2021.
  9. ^ Ackerman, Andrew; Restuccia, Andrew (January 18, 2021). "Biden to Pick Rohit Chopra to Lead Consumer-Finance Agency". Wall Street Journal. Retrieved January 20, 2021.
  10. ^ Lieber, Ron (January 20, 2017). "6 Tips for Avoiding the Worst Student Loan Repayment Traps". The New York Times. ISSN 0362-4331. Retrieved September 10, 2021.
  11. ^ "COMMENT OF FEDERAL TRADE COMMISSIONER ROHIT CHOPRA" (PDF). Federal Trade Commission. September 18, 2019.