Rohit Chopra sworn in as CFPB Director

Ballard Spahr LLP

Ballard Spahr LLP

On October 12, Rohit Chopra was sworn in as CFPB Director.  On October 14, from 12:00 p.m. to 1:00 p.m. ET, Ballard Spahr will hold a webinar, “Rohit Chopra Confirmed as New CFPB Director: What to Expect Next?”  

According to media reports, now former Acting Director Dave Uejio will remain at the CFPB pending his confirmation as Assistant Secretary for Fair Housing and Equal Opportunity at HUD.  Mr. Uejio’s nomination was received by the Senate without a recommendation from the Senate Banking Committee, which voted 12-12 last week along party lines.  (Mr. Chopra’s nomination similarly went to the Senate without a Banking Committee recommendation.)

It has also been reported that Mr. Chopra has named Jan Singelmann as his Chief of Staff.  Mr. Singelmann will return to the CFPB after serving as counsel to the Senate Banking Committee.  He previously spent more than six years at the CFPB serving as an enforcement attorney.

Mr. Chopra’s swearing-in creates a vacancy at the FTC and means that pending confirmation of Alvaro Bedoya, President Biden’s nominee to fill Mr. Chopra’s seat as FTC Commissioner, Democrats will not hold a majority and the Commission will be divided 2-2 along party lines.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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