CFPB headquarters. (Source: Shutterstock)
In a 50-48 vote, the Senate approved the nomination of Rohit Chopra as the new director of the CFPB on Thursday, marking an end to a six-month delay of his nomination in the Senate.
After the confirmation vote, credit union trade organizations were swift with their congratulations.
"NAFCU congratulates Rohit Chopra on his confirmation to serve as CFPB director," NAFCU President/CEO Dan Berger said in a statement. "Our credit union members have been at the forefront of helping consumers weather the financial impact of the pandemic. We look forward to working with Director Chopra to ensure that credit unions can continue to assist their members as the economy recovers from the impact of the pandemic."
CUNA President/CEO Jim Nussle said, "We congratulate Mr. Chopra on his confirmation and look forward to engaging with him soon on credit unions' track-record of providing consumer-friendly financial services. We hope under Director Chopra's leadership, credit unions and the CFPB can work together to ensure consumers continue to have safe and affordable access to credit, financial products and services provided by credit unions."
While NAFCU and CUNA support Chopra's confirmation, both organizations support legislation that would replace the single-director of the CFPB with a bipartisan five-member commission.
Chopra's nomination had been stuck in the Senate Banking Committee since his nomination hearing on March 10. Earlier this week the Senate voted along party lines to "discharge" his nomination out of Committee for a vote by the full Senate.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
