The Wall Street Journal and Politico have reported that Rohit Chopra, the CFPB’s student loan ombudsman, will be leaving the CFPB next week. According to the reports, Mr. Chopra did not indicate in his resignation letter to Treasury Secretary Jacob Lew what his next position would be.
Seth Frotman, the CFPB’s Deputy Assistant Director for the Office for Students, is expected to handle student loan work on an interim basis.
The Wall Street Journal also reported that Senator Elizabeth Warren has endorsed Mr. Chopra to succeed Benjamin Lawsky as Superintendent of the New York Department of Financial Services.
