Home Banking Senate panel to query CFPB, SEC nominees subsequent month

Senate panel to query CFPB, SEC nominees subsequent month


WASHINGTON — President Biden’s nominees to guide the Shopper Monetary Safety Bureau and the Securities and Change Fee will seem earlier than the Senate Banking Committee on March 2.

The affirmation listening to for Rohit Chopra and Gary Gensler, the administration’s picks to guide the CFPB and SEC, respectively, is scheduled for 10 a.m. It will likely be the primary nomination listening to underneath Chairman Sherrod Brown, D-Ohio.

Chopra is presently serving as a Democratic member of the Federal Commerce Fee. He was beforehand an assistant director and scholar mortgage ombudsman on the CFPB underneath former Director Richard Cordray. If confirmed, Chopra will take over for Dave Ueijo, who was named performing director of the CFPB after the Trump-appointed Director Kathy Kraninger resigned in January.

Gensler has been main the Biden transition staff’s banking and securities regulator assessment staff. He was chairman of the Commodity Futures Buying and selling Fee from 2009 till 2014.


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