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President Trump Expected To Nominate Rohit Chopra to FTC

President Donald Trump is expected to nominate Rohit Chopra to be an FTC commissioner, the White House recently announced.

The agency is currently headed by Acting Chairman Maureen Ohlhausen, a Republican, with Democrat Terrell McSweeny the only other commissioner. The president has long been expected to name a permanent chair and fill the three empty commission seats, two Republican and one Democrat or independent.

The FTC works with the Justice Department to enforce antitrust law and pursues companies accused of deceptive advertising. It is an independent agency that is headed by a chairman and four commissioners. No more than three commissioners can come from any one party.

We think Rohit Chopra is a good choice.  Rohit Chopra is a Senior Fellow at the Consumer Federation of America. He is widely recognized for his expertise in consumer financial services and economic issues facing young people.

He was previously Assistant Director of the Consumer Financial Protection Bureau, where he oversaw the agency’s agenda on students and young consumers. He was also appointed by the Secretary of the Treasury as the agency’s first Student Loan Ombudsman, a new position created in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

During his tenure, the agency led enforcement actions that secured hundreds of millions of dollars of relief for student loan borrowers, published widely-cited research on the student loan market, and established a state-of-the-art student loan complaint system. He later joined the U.S. Department of Education as Special Adviser to the Secretary.

Chopra has frequently testified before Congress. His work has been profiled by The Wall Street Journal, Kiplinger’s, and Money and he is the recipient of multiple awards for his public service and contributions to the field of consumer finance.

He holds a BA from Harvard College and an MBA from the Wharton School at the University of Pennsylvania.

Expertise: consumer finance and capital markets, banking regulation, financial technology, young consumers, financial services issues faced by servicemembers and veterans, financial services issues in higher education

Further details on the expected nomination are accessible at: http://nypost.com/2017/10/18/trump-selects-antitrust-lawyer-to-head-ftc/

 

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