Rohit Chopra is the Director of the Consumer Financial Protection Bureau (CFPB), an agency he helped set up after its enactment in the 2010 Dodd-Frank legislation.
The U.S. Senate confirmed him in October 2022.
Born in 1982, the economist and public servant is known for his dedicated advocacy in consumer protection and financial regulation. A graduate of Harvard College, where he studied economics, he furthered his education at the Wharton School of the University of Pennsylvania, earning a master’s degree in business administration.
Chopra’s commitment to consumer rights and financial fairness became evident early in his career. He gained recognition during his tenure as Assistant Director of the Consumer Financial Protection Bureau, where he played a key role in the agency’s establishment following the 2008 financial crisis. His work focused on addressing issues such as student loan debt, promoting fair lending practices, and advocating for transparency in financial markets.
Before joining the CFPB, Chopra served as Special Advisor to the Secretary of Education, working on matters related to student loans. His efforts to bring attention to the challenges faced by student borrowers and his advocacy for reform earned him a reputation as a champion for the rights of those navigating the complexities of the student loan system.
Chopra was appointed as the Director of CFPB by President Joe Biden in April 2021. As the head of the agency, he assumed a central role in overseeing and enforcing consumer protection laws, aiming to ensure fairness and transparency in the financial marketplace. His leadership has been marked by a focus on addressing issues such as abusive practices by financial institutions, promoting economic equity, and adapting consumer protection measures to the challenges of the modern financial landscape.
Known for his deep understanding of financial markets, dedication to consumer welfare, and advocacy for responsible lending practices, Chopra continues to be a prominent figure in shaping policies that impact millions of American consumers.
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Senate confirms Rohit Chopra as consumer watchdog (October 5, 2021)
Indian American Rohit Chopra to lead consumer bureau (January 18, 2021)
Trump to nominate Indian American Rohit Chopra as FTC Commissioner (October 20, 2017)
Chuck Schumer recommends Indian American Rohit Chopra for FTC (May 10, 2017)