Rohit Chopra is the head of the Consumer Financial Protection Bureau. He was chosen for that role in October 2021 by President Joe Biden and narrowly confirmed by the U.S. Senate. Republicans were united in opposition to Chopra.
Chopra was previously a commissioner at the U.S. Federal Trade Commission, a role he held starting in May 2018.
Chopra held one of the Democrat seats on the Federal Trade Commission. He often using his position to advocate for higher penalties and enforcement against companies found to have committed wrongdoing. The Senate had been controlled by the GOP in 2018 when it unanimously confirmed Chopra as FTC commissioner, a point Democrats made during debates about his nomination.
Chopra was brought on to the CFPB previously, when it was just being launched, by Elizabeth Warren, a Harvard professor at the time, to help start up the bureau. He held several high-ranking positions at the CFPB during the Obama administration, including student loan ombudsman.
Chopra earned a BA from Harvard and an MBA from the University of Pennsylvania's Wharton School.
@JohnLothian Twitter Feed
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.