Senate committee advances Chopra nomination to lead CFPB
The Senate Committee on Banking, Housing, and Urban Affairs Wednesday voted to advance the nomination of Rohit Chopra to serve at the next director of the Consumer Financial Protection Bureau (CFPB). Chopra previously served as the CFPB’s student loan ombudsman and is currently a commissioner with the Federal Trade Commission.
CUNA submitted comments for the record of Chopra’s testimony hearing before the committee last week, hoping a new CFPB director will recognize the unique structure of credit unions and the benefit they provide consumers. The letter also expresses CUNA’s continued concerns over the single director structure.