Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the confirmation of Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB).
“There is no better person to lead the Consumer Financial Protection Bureau at this time than Rohit Chopra, who helped establish the foundation for the CFPB in the aftermath of the 2008 financial crisis. In 2011, he joined the agency and served as the first Student Loan Ombudsman, working tirelessly to protect student borrowers. More recently, as a Commissioner on the Federal Trade Commission, he has fought for consumers against predatory actors and helped to scrutinize anti-competitive industries, like Big Tech.
“At a time when consumers need a strong watchdog, Mr. Chopra will be an advocate for working families. So, I congratulate Mr. Chopra on his confirmation and as Chairwoman of the Financial Services Committee, I look forward to working with him closely to better protect consumers.”