If confirmed, Mr. Chopra would replace Kathy Kraninger, a Trump-appointed official who has run the bureau since 2018. The decision to tap Mr. Chopra, a Democrat currently serving as a member of the Federal Trade Commission, was announced along with Gary Gensler’s nomination to lead the Securities and Exchange Commission. Mr. Gensler could give Wall Street its most aggressive regulator in two decades.
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Biden to pick Rohit Chopra to lead Consumer-Finance Agency
The transition team said Mr. Chopra “has actively advocated to promote fair, competitive markets that protect families and honest businesses from abuses.”
