U.S. President-elect Joseph R. Biden is expected to nominate Rohit Chopra, the former student-loan watchdog at the Consumer Financial Protection Bureau, to the lead the agency, multiple outlets reported on Sunday, including the Wall Street Journal and CNN.
Mr. Chopra is a Democrat serving as a member of the Federal Trade Commission. If confirmed, he would replace Kathy Kraninger, a Trump-appointed official who has run the bureau since 2018.
Chopra’s nomination is expected to be announced along with that of Gary Gensler, Mr. Biden’s expected choice to lead the Securities and Exchange Commission, WSJ added quoting the same sources.
Simon Ateba is Chief White House Correspondent for Today News Africa. Simon covers President Joe Biden, Vice President Kamala Harris, the U.S. government, the United Nations, the International Monetary Fund, the World Bank and other financial and international institutions in Washington D.C. and New York City.