Biden Consumer Watchdog Pick Signals More Aggressive Stance

NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Tue, 03/02/2021 - 9:10am

CHARLOTTE, N.C. (AP) — President Joe Biden's nominee to run the federal consumer watchdog agency indicated Tuesday that if confirmed he would restore more aggressive enforcement actions against companies and banks that largely faded during the Trump administration. Rohit Chopra, currently a Democratic commissioner on the Federal Trade Commission, would be the third permanent director of the decade-old Consumer Financial Protection Bureau, which was created in the aftermath of the 2008 financial crisis. On his first day in office, Biden asked President Donald Trump's CFPB director, Kathy Kraninger, to resign. Republicans have been critical of the CFPB from the onset, arguing that the bureau’s structure grants too much power to one person, its director.Read more on NewsOK.com

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