Statement on Rohit Chopra’s Confirmation as CFPB Director
September 30, 2021, Washington, D.C. – INFiN, a Financial Services Alliance, issued the following statement, attributable to executive director Ed D’Alessio, regarding the confirmation of Rohit Chopra as director of the Consumer Financial Protection Bureau (CFPB):
“On behalf of the regulated consumer financial services industry, INFiN congratulates Director Chopra on his confirmation. We welcome the opportunity to work with him and the CFPB to respond to the unique financial services challenges facing consumers today, and to ensure all consumers have sustained access to regulated financial services, including a variety of credit products, in order to advance personal financial stability.
As he returns to the bureau in this new role, we urge Director Chopra to re-commit to an evidence-based and data-driven CFPB, focusing on the real-world, evolving needs and experiences of consumers, and how those needs are met through a variety of financial services providers. The consumer financial services landscape, including our industry, continuously adapts and transforms in response to consumers’ expectations. The Bureau’s oversight and supervision of the consumer financial services industry should aim to keep pace with the market’s evolution.
INFIN looks forward to engaging closely with the Bureau to ensure our nation’s financial services policies enable a dynamic, innovative marketplace committed to advancing financial inclusion, empowerment, and access for all consumers today and into the future.”
INFiN, a Financial Services Alliance, is the leading national trade association representing the diverse and innovative consumer financial services industry. Formerly Financial Service Centers of America (FiSCA), INFiN members deliver critical products and services to meet U.S. consumers’ ever-evolving needs and expectations, enabling essential financial inclusion and stability. For more information, visit www.INFiNAlliance.org.