A New Sheriff in Town: Former FTC Commissioner Rohit Chopra Chosen to Lead CFPB | Arnall Golden Gregory LLP
To embed, copy and paste the code into your website or blog: On January 18, 2021, President Biden appointed Federal Trade Commissioner Rohit Chopra to direct the Consumer Financial Protection Bureau (CFPB). The CFPB was created through the Dodd-Frank Act in 2010 and began to operate in 2011. Its jurisdiction largely overlaps that of the Federal Trade Commission (FTC) but also encompasses financial institutions, which the FTC does not regulate. The CFPB’s aggressive tactics under Obama-era director Richard Cordray garnered its attention in the Senate and federal courts, where challenges ...
Source: jdsupra.com