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Senate confirms Chopra as CFPB Director
The Senate yesterday approved the nomination of Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB); the nomination was cleared by a 50-48 vote.
“NAFCU congratulates Rohit Chopra on his confirmation to serve as CFPB Director,” said NAFCU President and CEO Dan Berger. “Our credit union members have been at the forefront of helping consumers weather the financial impact of the pandemic. We look forward to working with Director Chopra to ensure that credit unions can continue to assist their members as the economy recovers from the impact of the pandemic.
"NAFCU will continue to advocate for an appropriate regulatory environment that allows credit unions to successfully serve their 127 million members," concluded Berger.
Chopra helped launch the CFPB following the passage of the Dodd-Frank Act. In addition, he served as an assistant director at the bureau, overseeing its student loan agenda, and was appointed to serve as the bureau's student loan ombudsman