Biden to nominate Rohit Chopra to lead Consumer Financial Protection Bureau Updated for 2021

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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.

Rohit Chopra, Commissioner, Federal Trade Commission, USA; Young Global Leader speaking in Safeguarding Digital Spaces session at the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland, 23 January. Congress Centre - Sanada. Copyright by World Economic Forum / Valeriano Di Domenico
Rohit Chopra, Commissioner, Federal Trade Commission, USA; Young Global Leader speaking in Safeguarding Digital Spaces session at the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland, 23 January. Congress Centre – Sanada. Copyright by World Economic Forum / Valeriano Di Domenico

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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Rohit Chopra, Commissioner, Federal Trade Commission, USA; Young Global Leader speaking in Safeguarding Digital Spaces session at the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland, 23 January. Congress Centre - Sanada. Copyright by World Economic Forum / Valeriano Di Domenico
Rohit Chopra, Commissioner, Federal Trade Commission, USA; Young Global Leader speaking in Safeguarding Digital Spaces session at the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland, 23 January. Congress Centre – Sanada. Copyright by World Economic Forum / Valeriano Di Domenico

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.

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Simon Ateba
Simon Ateba
Simon Ateba covers the White House, the U.S. government, the International Monetary Fund, the World Bank and other financial and international institutions for Today News Africa in Washington D.C. Simon can be reached on simonateba@todaynewsafrica.com

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