Washington D.C. – With a vote of 50-48, the U.S. Senate voted to confirm Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB). Chopra brings a wealth of experience to the role, previously serving as a Federal Trade Commissioner and working at the CFPB to protect student borrowers from abuse and mistreatment.

“The Senate truly acted on behalf of their constituents by voting to confirm Rohit Chopra as the next Director of the CFPB.  There could be no better consumer watchdog at the helm of this critical agency, and we are confident that the American consumer will be protected by their friend, Rohit Chopra. Going forward, Director Chopra can count on CFA to work shoulder to shoulder with him on his mission to correct the many injustices facing so many financially beleaguered Americans,” said Jack Gillis, CFA’s Executive Director.

“Rohit Chopra’s extensive experience and deep commitment to consumer protection issues are especially critical as consumers face the economic consequences of the pandemic and the many challenges to equity and fairness in the financial marketplace,” said Rachel Weintraub, CFA’s Legislative Director and General Counsel.

When the CFPB was created, it was charged with ensuring that consumers were protected from financial abuses, leveling the playing field in the financial services market, and ensuring that financial institutions that offered safe and sustainable products and services were not placed at a competitive disadvantage.

“We look forward to working with Director Chopra towards an equitable, fair, and safe financial marketplace,” said Rachel Gittleman, CFA’s Financial Services Outreach Manager. “The CFPB is uniquely positioned to weed out bad actors, hold wrongdoers accountable, and protect consumers, especially those that have long been excluded and discriminated against by mainstream financial services.”

Rachel Weintraub, 202-939-1012 Rachel Gittleman, 609-571-5953