Rohit Chopra Sworn in as CFPB Director, Announces Key Senior Positions

Oct 15, 2021Federal Regulation, News

After receiving Senate confirmation on September 30, Rohit Chopra was sworn in as Director of the Consumer Financial Protection Bureau (CFPB) on Tuesday. The CFPB’s former Acting Director, Dave Uejio, will stay at the Bureau until his potential confirmation as Assistant Secretary for Fair Housing and Equal Opportunity at the Department of Housing and Urban Development, which President Biden nominated him for in June.

“This is an extremely fragile moment for our economy and our country,” Chopra wrote in a communication shared with CFPB staff. “We have experienced an uneven recovery, as many families and businesses continue to feel left behind. COVID-19 has also put into clearer focus the longstanding systemic and structural barriers we must overcome to build a more inclusive economy.”

“To fulfill our mission, we must ensure the financial marketplace meets the needs of all families, workers and communities,” Chopra also wrote.  “We must use our tools to promote competition and shift market power toward consumers and law-abiding businesses. We must strive for a marketplace where families are treated fairly and can seek help when they’re in trouble.” 

Shortly after being sworn in, the CFPB announced four leadership changes within the Bureau. Zixta Q. Martinez will serve as Deputy Director, overseeing the CFPB’s Operations Division. Karen Andre will serve as Associate Director for Consumer Education and External Affairs. Jan Singelmann will return to the CFPB to serve as Chief of Staff. And Erie Meyer is returning to the CFPB to serve as Chief Technologist.

“I ask for your patience and grace during this leadership transition, made more difficult by the pandemic. I’m looking forward to meeting you over the coming weeks and months to discuss how we can meet this moment,” Chopra said. “It’s great to be back.”

Pin It on Pinterest