FOR IMMEDIATE RELEASE
September 30, 2021
The Senate today confirmed Rohit Chopra to serve as the next director of the Consumer Financial Protection Bureau (CFPB). Credit Union National Association (CUNA) President/CEO Jim Nussle issued the following statement:
“We congratulate Mr. Chopra on his confirmation and look forward to engaging with him soon on credit unions’ track-record of providing consumer-friendly financial services,” said CUNA President/CEO Jim Nussle. “We hope under Director Chopra’s leadership, credit unions and the CFPB can work together to ensure consumers continue to have safe and affordable access to credit, financial products, and services provided by credit unions.”
CUNA continues to support legislation that would replace the single director of the CFPB with a bipartisan five-member commission, especially in light of the U.S. Supreme Court decision that found the director is removable at will by the president.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 120 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.