Clinton snags former CFPB exec, Warren ally for transition team

by Ryan Smith31 Aug 2016
Democratic presidential nominee Hillary Clinton has added a former Consumer Financial Protection Bureau executive to her transition team, according to a report.

Clinton is reportedly bringing aboard Rohit Chopra, former assistant director and student loan ombudsman for the CFPB. Chopra is a close ally of Sen. Elizabeth Warren, according to HousingWire.

While at the CFPB, Chopra was highly critical of the impact of student loan debt on first-time homebuyers. “The fact is student indebtedness impacts the credit profile of first-time homebuyers,” he said in 2013. “Three-fourths of the fall in household formation can be directly correlated to student debt.”

Clinton’s decision to bring Chopra on board may signal that Warren will have a great deal of influence in a prospective Clinton Administration, according to a Politico report.

“Warren has been vocal about her belief that ‘personnel is policy,’ and many Democrats expect her to have an elevated voice in Clinton’s transition process, including through allies like Chopra,” Politico reported.


Should CFPB have more supervision over credit agencies?