Consumer Advocate Gets Biden Nod to Head Consumer Bureau

A political ally of Sen. Elizabeth Warren who worked with Warren to create the Consumer Financial Protection Bureau (CFPB) has been named by President-elect Joe Biden to head up the bureau.

Politico has more on the appointment and what it means for the direction of the Bureau:

Chopra, a Wharton-trained MBA, worked as a consultant at McKinsey before joining government. Over the course of his term at the FTC, he has pushed the agency to be more skeptical of private equity buyers and more aggressive in using its…