Senate confirms Rohit Chopra to lead Consumer Financial Protection Bureau

Chopra, 39, would serve a five-year term at the helm of the federal consumer watchdog. He has a long history with the CFPB, which was created in the aftermath of the financial crisis of 2007 to 2008. He worked closely with Sen. Elizabeth Warren (D-Mass.) on establishing the bureau, then joined it in 2011 to investigate industry abuses in the student lending market.

Source: WP

Related post

Organized crime blamed for nationwide scourge of shoplifting, smash-and-grab flash mobs

Organized crime blamed for nationwide scourge of shoplifting, smash-and-grab flash mobs

Legal contortions keep President Biden’s unconfirmed labor secretary on the job

Legal contortions keep President Biden’s unconfirmed labor secretary on the job

As AI booms, fear spreads that Biden is undercutting U.S. industry

As AI booms, fear spreads that Biden is undercutting U.S. industry

Consulting firm McKinsey and Co. agrees to $78 million settlement with insurers over opioids

Consulting firm McKinsey and Co. agrees to $78 million settlement with insurers over opioids

Houthis show no sign of ending ‘reckless’ Red Sea attacks as trade traffic picks up

Houthis show no sign of ending ‘reckless’ Red Sea attacks as trade traffic picks up

Embezzlement of Oregon weekly newspaper’s funds forces it to lay off entire staff and halt print

Embezzlement of Oregon weekly newspaper’s funds forces it to lay off entire staff and halt print