Under the former Trump appointees, the Consumer Bureau's mission was turned on its head. Its leaders were focused on rolling back rules that keep Wall Street in check — the same rules the Consumer Bureau itself created after the Great Recession.
One example: The Trump administration's Consumer Bureau created a task force in 2019 that claimed to be geared toward consumer protection, but in reality was made up of members representing the interests of the financial industry. The special interest influence in the task force was so egregious that our national partner U.S. PIRG even filed a lawsuit to stop its unlawful operation.
The good news: Rohit Chopra has a proven track record of using all policy levers available to protect consumers from corporate wrongdoers. So as director of the Consumer Bureau, he'll be able to not only reverse the damage done to the agency by the Trump administration but also make further progress to level the financial playing field.
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March 06, 2021 at 05:12AM
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Why Rohit Chopra is the consumer champion we need to head the Consumer Bureau - ConnPIRG
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