WASHINGTON: President-elect of the United States Joe Biden On Monday, he named American Indian Rohit Chopra as head of a federal agency tasked with protecting consumers’ financial interests.
If confirmed by the Senate, Chopra will follow Kathleen Laura Kraninger in the role Director from Office of Consumer Financial Protection.
The Bureau regulates the supply and provision of consumer financial products or services in accordance with federal consumer financial laws and educates and empowers consumers to make better-informed financial decisions.
Chopra is currently a commissioner at the Federal Trade Commission. He has actively advocated for the promotion of fair, competitive markets that protect honest families and businesses from abuse.
He was unanimously confirmed by the Senate in 2018 and pressed for aggressive remedies against law-abiding companies, especially repeat offenders. Together with state and international law enforcement partners, he has worked to increase control of dominant technology firms that pose risks to privacy, national security and fair competition, the transition said.
Chopra was previously Deputy Director of the Office of Consumer Financial Protection, where he led the agency’s efforts. student loans. In 2011, the Secretary of the Treasury appointed him to the position of CFPB Student Loan Ombudsman, a new position established in the Financial Reform Act. He was also a special adviser to the US Department of Education.
In these roles, Chopra has led efforts to boost competition in the student loan financing market, develop new tools for student and student loan borrowers to make smarter decisions, and secure repayments of hundreds of millions of dollars for borrowers. victims of illegal conduct by lending agencies, debt collectors and for-profit peer chains.
Chopra’s announcement came with Biden’s appointment to several key administrative positions. These include Elizabeth Klein as Deputy Secretary of the Interior; Dr. Jewel Bronaugh as Deputy Secretary for Agriculture; Andrea Palm as Deputy Secretary for Health and Human Services; Polly Trottenberg as Deputy Secretary for Transport; Cindy Marten as Deputy Secretary for Education; and Gary Gensler as Chairman of the Securities and Exchange Commission.
“Our administration will hit the ground running to provide immediate and urgent assistance to the Americans; will face the overlapping crises of COVID-19, the historical economic recession, racism and systemic inequalities and the climate crisis; and it will make this government work for the people it serves, “Biden said.
“These tireless civil servants will be an essential part of our agenda to rebuild us better – and I am confident that they will contribute to significant change and move our country forward,” he said in a statement.
“To meet the unprecedented challenges facing the American people, we will need leaders with deep experience and knowledge throughout our administration,” said the elected vice president. Kamala Harris.
“These remarkable civil servants reflect the best of our nation and will help us contain this pandemic, create an economy that works for the working people, and rebuild our country in a way that lifts all Americans. President-elect Biden and I look forward to working with them to deliver results for the American people, “she said.