Rohit Chopra’s appointment as head of the Consumer Financial Protection Bureau sent to the Senate | Indian of the world

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WASHINGTON – The appointment of American Indian Rohit Chopra as director of the Bureau of Consumer Financial Protection has been sent to the Senate.

According to an official White House statement on February 13, Chopra’s post will be for five years. He previously served as CFPB’s deputy director and student loan ombudsperson after the agency launched in 2011, The Hill reported.

Chopra has been a Federal Trade Commissioner since 2018. He has also served as a Special Advisor to the US Department of Education.

India-West Staff Reporter adds: As deputy director of the Consumer Financial Protection Bureau, where Chopra led the agency’s efforts on student loans. In 2011, the Treasury Secretary appointed him to the post of CFPB Student Loans Ombudsman, a new post established in the Financial Reform Law.

In these roles, Chopra has led efforts to stimulate competition in the student loan financing market, develop new tools for students and student loan borrowers to make smarter decisions, and secure hundreds of millions of dollars. reimbursement for borrowers who experience illegal behavior on the part of loan officers, debt collectors and for-profit university chains.

Chopra holds a BA from Harvard University and an MBA from the Wharton School at the University of Pennsylvania.

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