Biden names Rohit Chopra as Consumer Financial Protection Bureau chief

US President-elect Joe Biden has named Indian-American Rohit Chopra as the Director of the Consumer Financial Protection Bureau (CFPB). The Bureau seeks to safeguard the interest of consumers from large financial institutions. Chopra, who's currently a Commissioner on the Federal Trade Commission, served as Assistant Director of CFPB and also as a Special Advisor at the US Department of Education.