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Biden Taps Veteran Financial Regulators To Lead SEC, CFPB

1 month ago   |   By NPR

Selecting Gary Gensler for the Securities and Exchange Commission and Rohit Chopra for the Consumer Financial Protection Bureau is a win for progressives who have pushed for aggressive oversight. (Image credit: Chip Somodevilla/Getty Images)
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Biden picks Chopra, Gensler for financial oversight roles

Biden picks Chopra, Gensler for financial oversight roles

1 month ago   |   By My Sanantonio

WASHINGTON - President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed.
Chopra, a commissioner at the Federal Trade Commission, helped launch the agency after the 2008 financial crisis and served as deputy director, where he sounded the alarm about skyrocketing levels of student loan debt. The pick comes as Democrats are eyeing ways to provide student loan relief to millions of Americans as part of a COVID-19 relief package.
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