President-elect Joe Biden picked Rohit Chopra to serve as the next director of the Consumer Financial Protection Bureau (CFPB), two sources told NBC News on January 18.
Chopra helped launch the agency originally and previously served as its assistant director. He is also a member of the Federal Trade Commission (FTC).
Chopra, 38, is an acolyte of Sen. Elizabeth Warren, D-Mass., who proposed and built the consumer-focused agency. Bloomberg first reported Chopra’s selection by Biden to head the bureau.
Randi Weingarten, leader of the American Federation of Teachers (AFT), and the consumer advocacy organization Public Citizen, praised the move. The organization called Chopra a “fantastic pick who will return the agency to its days of actually fighting for consumers.”