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The Week Ahead: CFPB Senate Confirmation Hearing

President Joe Biden’s nominee to lead the Consumer Financial Protection Bureau will face a Senate confirmation hearing this coming week.

Rohit Chopra, nominated as director of the Consumer Financial Protection Bureau (CFPB), is scheduled to appear Tuesday, March 2, before the Senate Committee on Banking, Housing, and Urban Affairs.

What to expect? "Fair lending practices are likely to receive increased scrutiny under a Chopra-led CFPB," reported Aaron Nicodemus, a policy and compliance-trends writer for Compliance Week. "Senators might want to know how that scrutiny will be applied. Chopra is likely to restore the Office of Fair Lending to a free-standing unit within the CFPB, as it was during his previous time with the agency."

According to Investopedia, Chopra was confirmed as an FTC commissioner in 2018 and has since worked to increase the scrutiny of Big Tech corporations that pose risks to privacy, national security, and fair competition.

“He has actively advocated to promote fair, competitive markets that protect families and honest businesses from abuses,” the Biden administration has said.

Here's what else is happening in The Week Ahead:

 

About Author: Christina Hughes Babb

Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Contact Christina at christina.hughesbabb@thefivestar.com.
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