Updated: March 5, 2021
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.
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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.