WASHINGTON, D.C. – This evening, numerous media outlets have reported that President-elect Joe Biden will nominate Federal Trade Commission member Rohit Chopra to serve as director of the Consumer Financial Protection Bureau (CFPB).
In response to this development, Center for Responsible Lending (CRL) Federal Advocacy Director and Senior Counsel Ashley Harrington issued the following statement:
Commissioner Chopra has long fought for financial markets that are fair for consumers, including student loan borrowers. We are encouraged that the CFPB will now return to its mission of protecting people’s finances, which has heightened significance in this economic downturn, and which includes a strong fair lending program.
Chopra is the latest in a series of impressive federal agency and department nominees, which includes former Federal Reserve Chair Yellen, Congresswoman Fudge, and Connecticut Education Commissioner Cardona. We look forward to working with them all.
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Press Contact: matthew.kravitz@responsiblelending.org