Durbin Meets with Rohit Chopra, Nominee for Consumer Financial Protection Bureau Director
WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL) today met with Rohit Chopra, President Joe Biden’s nominee for Director of the Consumer Financial Protection Bureau (CFPB). During their Zoom call, Durbin and Chopra discussed protecting consumers from predatory lenders, student loan bankruptcy relief, and oversight of predatory for-profit college companies. For years, Durbin has sounded the alarm on predatory practices of payday lenders and for-profit colleges, both whom often prey on the most vulnerable and in communities of color.
“Commissioner Chopra is well prepared to take on this role as head of the CFPB. He has his work cut out for him, as he will oversee an agency decimated by the previous administration. The CFPB was created to protect Americans from unfair, deceptive, and abusive practices, and I’m confident we can restore this agency and empower it once again to protect American consumers,” Durbin said.
A photo of Durbin’s Zoom call is available here.
Chopra has been serving as a Federal Trade Commissioner since May 2018. He was confirmed unanimously by the Senate. Previously, Chopra was part of the team that launched the CFPB in 2011 following the passage of the Dodd-Frank Act. He served as Assistant Director of the CFPB, and then as the CFPB’s Student Loan Ombudsman until 2015. Chopra later served as Special Adviser to the Secretary of Education to advance efforts to improve student loan servicing, reduce unnecessary defaults, and bolster enforcement.
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