Indian-American recommended to serve as FTC Commissioner

Image
Press Trust of India Washington
Last Updated : May 09 2017 | 10:22 PM IST
A top Democratic Senator today recommended US President Donald Trump that Indian-American Rohit Chopra be selected to serve as a commissioner in the Federal Trade Commission.
"The Federal Trade Commission should be led by people who put the interests of consumers above all else, and that's what Rohit Chopra has done his entire life," Senate Minority Leader Charles Schumer said after he formally recommended the name of Chopra for this top federal trade commission position.
Chopra is currently serving as a Senior Fellow at the Consumer Federation of America, where he leads the organization's research and advocacy on consumer protection in consumer finance and higher education.
Prior to this position, he served as Special Adviser to the Secretary of Education.
"Whether it was fighting on behalf of students and borrowers with student loan issues at the Consumer Financial Protection Bureau, or working to protect the finances of our nation's veterans, Rohit has been a thoughtful and effective advocate for consumers," Schumer said.
"He would make an excellent addition to the FTC. I strongly urge the President to nominate him and will push for his swift confirmation in the Senate," said the Senator.
Chopra holds a BA from Harvard College and an MBA from the Wharton School at the University of Pennsylvania. He was also the recipient of a Fulbright Fellowship to South Korea.
Prior to his service at the Education Department, Chopra was among the first employees at the new Consumer Financial Protection Bureau in 2010.
As Assistant Director, he served on the senior leadership team and led the agency's work on behalf of students and young consumers.
In 2011, he was also named by the Secretary of the Treasury as the agency's first student loan ombudsman, a new role established by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
In this role, he led agency efforts to spur more loan modifications for delinquent student loan borrowers, secure hundreds of millions of dollars in refunds for borrowers victimized by unlawful conduct, and develop new tools for students and student loan borrowers to make smarter decisions.
He led development of a new Financial Aid Shopping Sheet, voluntarily adopted by more than 3,200 colleges and used by millions of families annually.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 09 2017 | 10:22 PM IST

Next Story