Senate confirms Rohit Chopra as next director of CFPB

By KEN SWEET
AP Business Writer

WASHINGTON (AP) — The Senate narrowly approved President Biden’s pick to run the Consumer Financial Protection Bureau on Thursday, giving the bureau a director who is likely to embrace an aggressive “watchdog” role, similar to how the agency operated under former President Obama. Rohit Chopra’s nomination was approved 50-48, with Vice President Kamala Harris earlier having to cast a tie-breaking vote to end debate. Republicans were united in opposition against Chopra. Before his approval, Chopra held one of the Democrat seats on the Federal Trade Commission, often using his position to publicly advocate for higher penalties and enforcement against companies were found to have committed wrongdoing.