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Financial Services Law Insights and Observations

Chopra moves closer to Senate confirmation

Federal Issues CFPB CFPB Succession Biden

Federal Issues

On September 21, the U.S. Senate passed a motion, 49-48 along party lines, to discharge Rohit Chopra’s nomination as permanent director of the CFPB from the Senate Committee Banking, Housing, and Urban Affairs. Chopra, currently an FTC Commissioner, was nominated by President Biden in January (covered by InfoBytes here), and now awaits a final confirmation vote. The CFPB is currently led by acting Director Dave Uejio who Biden nominated in June for Assistant Secretary for Fair Housing and Equal Opportunity at HUD.