Sep 30, 2021 - Politics & Policy

Senate confirms Rohit Chopra to lead CFPB

Kierra Frazier

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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Senate confirms Rohit Chopra to lead CFPB

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