AgenciesWashington: US President-elect Joe Biden on Monday named Indian-American Rohit Chopra as the head of a federal agency tasked with protecting the interests of consumers financials. If confirmed by the Senate, Chopra would be succeeding Kathleen Laura Kraninger as Director of the Consumer Financial Protection Bureau.
The bureau regulates the offering and provision of consumer financial products or services under the federal consumer financial laws and educates and empowers consumers to make better informed financial decisions. Chopra is currently a Commissioner on the Federal Trade Commission. He has actively advocated to promote fair, competitive markets that protect families and honest businesses from abuses.
He was unanimously confirmed by the Senate in 2018, and he has pushed for aggressive remedies against lawbreaking companies. Together with state and international law enforcement partners, he has worked to increase scrutiny of dominant technology firms that pose risks to privacy, national security, and fair competition, the transition said.
The bureau regulates the offering and provision of consumer financial products or services under the federal consumer financial laws and educates and empowers consumers to make better informed financial decisions. Chopra is currently a Commissioner on the Federal Trade Commission. He has actively advocated to promote fair, competitive markets that protect families and honest businesses from abuses.
He was unanimously confirmed by the Senate in 2018, and he has pushed for aggressive remedies against lawbreaking companies. Together with state and international law enforcement partners, he has worked to increase scrutiny of dominant technology firms that pose risks to privacy, national security, and fair competition, the transition said.
