Biden to Pick Rohit Chopra to Lead Consumer-Finance Agency -

"Rohit Chopra is the former student-loan ombudsman at the Consumer Financial Protection Bureau."

Why this is important: As an assistant director of the CFPB, Chopra led the agency's student loan oversight where he demonstrated an aggressive style toward lenders and consistently criticized private student loan businesses. In his role as FTC commissioner since 2018, he has supported "vigorous agency enforcement." It appears clear that Chopra's nomination will result in the CFPB taking a more aggressive stance in its rulemaking and enforcement functions.