Sep 30, 2021 - Politics & Policy

Senate confirms Rohit Chopra to lead CFPB

Rohit Chopra, commissioner at the Federal Trade Commission (FTC), listens during a House Judiciary committee hearing on Capitol Hill in Washington, D.C., U.S., on Friday, Oct. 18, 2019.

Photo: Alex Edelman/Bloomberg via Getty Images

The Senate voted 50-48 on Thursday to approve Rohit Chopra as the third director of the Consumer Financial Protection Bureau.

Why it matters: Chopra, who served on the Federal Trade Commission, worked closely with Sen. Elizabeth Warren (D-Mass.) to establish the Bureau following the 2008 financial crisis.

The big picture: The 39-year-old will serve a five-year term after being approved along party lines Thursday.

  • Chopra's nomination failed in March after the Senate Banking Committee voted 12-12 along party lines. Senate Majority Leader Chuck Schumer later discharged the nomination from the committee.
  • Chopra has served as the assistant director of the Consumer Financial Protection Bureau and then the Student Loan Ombudsman.
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