Joe Biden names Indian-American Rohit Chopra head of his consumer financial protection bureau

US President-elect Joe Biden on Monday named Indian-American Rohit Chopra as the head of a federal agency tasked with protecting the interests of consumers financials.

If confirmed by the Senate, Chopra would be succeeding Kathleen Laura Kraninger as Director of the Consumer Financial Protection Bureau.

The bureau regulates the offering and provision of consumer financial products or services under the federal consumer financial laws and educates and empowers consumers to make better informed financial decisions.