Rohit Chopra (born January 30, 1982) is an American who was the third director of the Consumer Financial Protection Bureau (CFPB) and previous member of the Federal Trade Commission (FTC).
Rohit Chopra was sworn in as a Federal Trade Commissioner on May 2, 2018. He served as FTC Commissioner from May 2, 2018 until October 12, 2021.Commissioner Chopra has actively advocated to promote a fair and fully-functioning marketplace…
Rohit Chopra was the director of the Consumer Financial Protection Bureau (CFPB). He previously served as commissioner of the Federal Trade Commission (FTC).
Who Appointed Rohit Chopra to the CFPB?President Joe Biden tapped Chopra to run the CFPB on Jan. 18, 2021, two days before taking office. Fiercely opposed by Republican lawmakers who viewed him as a creature of Senator Elizabeth Warren (D-Mass.), one of the creators of the CFPB, Chopra was confirmed by the Senate on Sept. 30, 2021, by a party-line vote of 50 to 48. He was then removed by President Donald Trump on Feb. 1, 2025.What Actions Did Rohit Chopra Take to Regulate For-Profit Universities?Chopra levied fines against 70 for-profit higher education institutions as head of the FTC on the basis that they'd misled students about jobs and earnings prospects.How Did Rohit Chopra Help Alleviate Student Loan Debt?Chopra pursued changes to debt collection policies and fees as director of the CFPB. He issued monetary penalties to student loan providers as necessary. He initiated an investigation into the Pennsylvania Higher Education Assistance Agency (PHEAA) in 2023 to protect private student loan borrowers who had successfully discharged debts in bankruptcy against alleged abuses by the PHEAA.
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
Mr. Chopra, long a target of criticism by Republican lawmakers and banks, has not yet been forced out. “I swore an oath to a five-year term,” he said this week.
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