Rohit Chopra, 40, head of the Consumer Financial Protection Bureau (CFPB), was included in Money magazine’s first list of changemakers. “Each changemaker offers a unique perspective on the gaps within our financial system and how they are working to improve the future of everyday consumers,” he said. increase.
Appointed by Biden in 2021, Money said, “Chopra will take a look at how health care debt affects our credit and reduce the ‘junk fees’ charged by banks, among other things, to the wallets of Americans.” As a director, Chopra is also a member of the boards of the Federal Deposit Insurance Corporation and the Financial Stability Oversight Council.
A strong ally of Senator Elizabeth Warren (D-Massachusetts), the young Indian-American until recently served on the Federal Trade Commission. At the FTC, he “strengthened sanctions against repeat offenders, overturned the agency’s reliance on money and no-fault settlements in fraud cases, and successfully stopped small business abuses,” he said. Chopra said in his profile. “He also led efforts to revitalize dormant authorities, including protecting the ‘Made in USA’ label and promoting competition,” the profile added.
Chopra previously worked for CFPB from 2010 to 2015. In 2011, the Secretary of the Treasury named him the institution’s student loan ombudsman to lead the agency’s efforts on student loan issues. Prior to working in government, he worked for McKinsey & Company, a global management consultancy, working in financial services, healthcare and consumer technology.
He has a bachelor’s degree from Harvard University and an MBA from the Wharton School of the University of Pennsylvania. From his 2008 to 2010 he worked at McKinsey & Company, working in the fields of financial services, healthcare and consumer technology.