President Joe Biden’s nomination of Rohit Chopra to be director of the Consumer Financial Protection Bureau (CFPB) drew a tie vote by the Senate Banking Committee Wednesday, 12-12, and now awaits Senate action.
If confirmed, Chopra would have a five-year term as bureau director.
Chopra has been a member of the Federal Trade Commission (FTC) since 2018. He served as assistant director of the CFPB, overseeing the bureau’s student loan agenda, during the Obama administration and was student loan ombudsperson while there (in a post mandated by the law that established the agency itself, the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act). Chopra also played a role in launching the agency in 2011.