President Joe Biden’s CFPB nominee Rohit Chopra said the agency will have a much more aggressive enforcement unit in areas such as fair lending and mortgage servicing if he wins Senate confirmation to the post.
Chopra repeatedly told senators at a Tuesday confirmation hearing that consumer-centric enforcement will be a top priority, particularly when it comes to making sure that homeowners don’t get caught up in improper foreclosures.
“That’s what’s best for consumers, that’s what’s best for the honest market participants,” Chopra told the Senate Banking Committee.
If confirmed, Chopra would take over a Consumer Financial Protection Bureau that saw ...
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