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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.
- Early Life and Education
- Role at The Consumer Financial Protection Bureau
- Role at The Federal Trade Commission
- Director of The CFPB
- The Bottom Line
Rohit Chopra was born on Jan. 30, 1982, in Plainsfield, N.J. He graduated with a bachelor’s degree from Harvard University in 2004 and obtained an MBA from the Wharton School of the University of Pennsylvania in 2009.Chopra’s first position was with McKinsey & Company, where he worked in the financial services, healthcare, and consumer technology s...
The CFPB was established following the 2008 financial crisis. With the passage of the 2010 Dodd-Frank Act, the CFPB was built as a unit of the Federal Reserve System charged with protecting families and businesses from illegal practices by financial institutions. It ensures that markets for consumer financial products and services are fair, transpa...
Rohit Chopra served as the Federal Trade Commission (FTC) commissioner from May 2, 2018, until Oct. 12, 2021. The FTC protects consumers and competition by preventing deceptive, unfair business practices. While at the FTC Chopra successfully strengthened sanctions against repeat offenders, reversed the agency’s reliance on no-fault settlements in f...
Since its inception under President Obama, the CFPB has been a politically polarizing entity. Democrats are known to support the agency’s regulation of the financial industry and Wall Street, while Republicans deplore the bureau’s power over a significant portion of the economy. Chopra, a Democrat, regarded as a seasoned regulator and Wall Street c...
Rohit Chopra has served in roles at the FTC, CFPB, and the Department of Education as an advocate for consumers. He has worked to educate and inform consumers about abusive practices, supervise banking institutions, and study data to better understand consumers and the financial markets in which they participate.
Oct 1, 2021 · On September 30, 2021, the United States Senate confirmed Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB). Mr. Chopra helped establish the CFPB following its creation through the Dodd-Frank Act and served as an Assistant Director at the CFPB from 2010 to 2015.
The Consumer Financial Protection Bureau under the leadership of Rohit Chopra appears poised to pursue an aggressive enforcement posture and test the limits of its authority in pursuit of broad market change.
In 2018, Chopra was unanimously confirmed by the U.S. Senate as a Commissioner on the Federal Trade Commission, where he served until assuming office as CFPB Director. During his tenure at the FTC, he successfully worked to strengthen sanctions against repeat offenders, to reverse the agency’s reliance on no-money, no-fault settlements in ...
Mar 28, 2022 · ROHIT CHOPRA WAS NOMINATED as a commissioner to the Federal Trade Commission in October 2017. He didn’t get confirmed until May 2018. Chopra spent the interim period strategizing.
Feb 1, 2021 · President Biden has nominated Federal Trade Commission (FTC) Commissioner Rohit Chopra to serve as Director of the Consumer Financial Protection Bureau (CFPB). Commissioner Chopra served as the agency’s Assistant Director and first Student Loan Ombudsman prior to his appointment to the FTC in 2018. The CFPB under his leadership will shift to ...
