Biden to Name Chopra to CFPB Director
Today, President-elect Joe Biden announced that Federal Trade Commissioner Rohit Chopra will be nominated to serve as Director of the Consumer Financial Protection Bureau. The following statement may be attributed to Bill Himpler, President and CEO of the American Financial Services Association:
“AFSA and its member companies congratulate Commissioner Chopra on his nomination to lead the Consumer Financial Protection Bureau. Since the Bureau’s inception, AFSA and our members in the traditional installment lending, vehicle finance, payment card, and mortgage industries have worked constructively with the CFPB leadership and staff. Mr. Chopra understands our issues from his time with both the CFPB and the FTC, and we look forward to working with him and the CFPB staff on policies that ensure consumers are both protected and have access to the credit products that meet their needs.”
January 18th, 2021
