STATEMENT: Gensler, Chopra Nominations Signal New Era for Financial Regulation and Consumer Protection, Say CAP Experts Date: January 20, 2021 Contact: Allison Preiss Washington, D.C. — This week, President-elect Biden announced his intent to nominate Gary Gensler as the next chair of the U.S. Securities and Exchange Commission and Rohit Chopra as the next director of the Consumer Financial Protection Bureau. After his first stint at the CFPB, Chopra joined the Center for American Progress in 2015 as a senior fellow to work on issues facing young people and the economy, including the impact of growing student debt burdens. In response, Andres Vinelli, vice president for Economic Policy at CAP, released the following statement: