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January 18, 2021

CFPB Director Nominee Rohit Chopra Will Change Trump’s Predator Protection Bureau Back to a Consumer Protection Bureau

FOR IMMEDIATE RELEASE

Monday, January 18, 2021

Contact: Pamela Russell at 202-618-6433 or prussell@bettermarkets.com

 

CFPB Director Nominee Rohit Chopra Will Change Trump’s Predator

Protection Bureau Back to a Consumer Protection Bureau

 

Washington, D.C.  –  Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement in response to President-elect Joe Biden’s choice of Rohit Chopra to lead the Consumer Financial Protection Bureau (CFPB):

“President-elect Biden’s choice of Rohit Chopra to lead the Consumer Financial Protection Bureau (CFPB) sends a unmistakable message to the financial predators and lawbreakers roaming free that there’s a new cop on the financial industry beat: the CFPB is back in business and is going to fulfill its mission of protecting Main Street consumers, including the military, elderly, vulnerable and poorest among us who are repeatedly targeted by financial predators.

“As Director, Rohit Chopra will end President Trump’s despicable record of siding time and again with industry lawbreakers over ripped off and abused Main Street workers and families. He will ensure that Trump’s predator protection bureau will once again become a consumer protection bureau, as it was intended to be.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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