1. Rohit Chopra was born on January 30,1982 and is an American who was the third director of the Consumer Financial Protection Bureau and previous member of the Federal Trade Commission.
25 Facts About Rohit Chopra
1. 2.
In 2017, President Donald Trump nominated Rohit Chopra to fill the open Democratic seat on the Federal Trade Commission.
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Rohit Chopra was confirmed by a voice vote of the US Senate, unanimously, and was sworn in on May 2,2018.
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Rohit Chopra is closely associated with efforts to reform the system of student loans in the United States.
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Rohit Chopra was born January 30,1982, to an Indian-American family in Plainfield, New Jersey.
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Rohit Chopra graduated from Harvard University in 2004, where he earned his Bachelor of Arts and served as president of the student body.
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Rohit Chopra was a recipient of a Fulbright Fellowship to South Korea.
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At the CFPB, Rohit Chopra served as the agency's Student Loan Ombudsman and as the agency's assistant director.
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Rohit Chopra is a vocal critic of the mounting levels of student loan debt in the United States.
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Rohit Chopra co-authored a report with Holly Petraeus that uncovered a student loan overcharging scheme impacting members of the military.
11.
Rohit Chopra explained his focus on student loan policy to the Wall Street Journal, stating:.
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In 2016, Rohit Chopra joined the Department of Education as a senior advisor, where he worked under Under Secretary of Education Ted Mitchell.
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Later in 2016, Rohit Chopra was named by Democratic presidential nominee Hillary Clinton as a member of her prepared presidential transition team, though her candidacy was ultimately unsuccessful.
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Rohit Chopra later became a Senior Fellow at the Consumer Federation of America, a consumer advocacy group.
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In 2017, Rohit Chopra released a report showing that over 1 million Americans defaulted on a student loan in 2016.
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In 2017, Rohit Chopra was recommended by Senate Minority Leader Chuck Schumer to fill the open Democratic seat on the Federal Trade Commission.
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Rohit Chopra was formally nominated to the position by President Donald Trump, and was unanimously confirmed by the Senate on April 26,2018.
18.
In 2020, Rohit Chopra opposed the FTC's $170 million child privacy settlement with Google, arguing that the company was not sufficiently reprimanded for its actions.
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Rohit Chopra had previously opposed the agency's $5 billion settlement with Facebook following a probe of the company's data practices on similar grounds, believing it was an insufficient penalty.
20.
Rohit Chopra was mentioned as a contender for the position of Secretary of Commerce by Politico and the New York Times, but was ultimately nominated to serve as director of the Consumer Financial Protection Bureau.
21.
In one of his first acts in the position, Rohit Chopra ordered a probe into Amazon, Apple, Facebook, Google, PayPal and Block, Inc.
22.
On February 1,2025, Rohit Chopra was fired by Donald Trump, as part of the change in administration.
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Under Rohit Chopra's watch, the CFPB has been the subject of some controversies.
24.
The agency under Rohit Chopra failed, for the first time in its history, to reach agreement with the National Treasury Employees Union Chapter 335, which resulted in employees having to work without a contract beginning on December 31,2023.
25.
The dispute centers on raising the salary ranges and the salary cap for workers, which the agency has thus far refused to do, despite agreeing in December 2022 to include pay bands and salary cap increases in this round of negotiations and Rohit Chopra raising the pay cap for agency executives in December 2023, some of whom are now paid as much as $269,000 a year.