As FTC turnover begins industry expects greater focus on consumer protection Federal Trade Commission Chairman Joseph Simons announced his resignation yesterday, which begins the process of filling slots at the commission with Biden Administration appointees. A reformed FTC is likely to take a stronger line on consumer protection, industry observers say.
Simons’ resignation will take effect on Jan. 29, at which time eight senior staff members will leave as well. Also leaving the panel will be commissioner Rohit Chopra, whom the Biden Administration reportedly plans to nominate as the heat of the Consumer Financial Protection Bureau, a post he also held during the administration of President Barack Obama.