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Entrance to the Consumer Financial Protection Bureau, Washington, D.C. Entrance to the Consumer Financial Protection Bureau, Washington, D.C. (Source: Shutterstock)

By selecting Rohit Chopra to run the CFPB, President-elect Joe Biden has sent a clear message that he wants the agency to return to a much stricter regulatory regime, CFPB-watchers said Tuesday.

Chopra currently serves as a commissioner at the Federal Trade Commission, but earlier in his career, he helped Sen. Elizabeth Warren (D-Mass.) organize the consumer bureau.

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David Baumann

 

Credit Union Times

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