Politico reports U.S. President-elect Joe Biden announced his nomination of Federal Trade Commissioner Rohit Chopra as director of the Consumer Financial Protection Bureau. If confirmed by the Senate, Chopra will return to the agency he helped build up when he originally joined CFPB in 2011. Chopra joined the FTC in 2018 and was a consistent advocate of stiffer, precedent-setting penalties for privacy violations. Meanwhile, FTC Chairman Joseph Simons announced his resignation and those of FTC senior staff, including Bureau of Consumer Protection Director Andrew Smith.
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