Chopra Confirmed in Senate

The U.S. Senate has confirmed Rohit Chopra to a five-year term as director of the Consumer Financial Protection Bureau by a vote of 50 to 48. President Biden nominated Chopra to serve as director of the CFPB earlier this year. Chopra has served since 2018 as a Democratic member of the Federal Trade Commission, and he was a member of the launch team for the CFPB serving as assistant director of the bureau for student lending and as student loan ombudsman.

“We look forward to working with the director to ensure the banking industry is safe and sound while moving toward right sizing regulation based on the risk profile of the bank,” commented OBL Senior Vice President for External Relations Evan Kleymeyer.