On Monday, March 28, Consumer Financial Protection Bureau Director (CFPB) Rohit Chopra WG’09 will deliver the Penn Program on Regulation’s 11th Annual Distinguished Lecture on Regulation at the University of Pennsylvania Carey Law School. He will highlight the problem of corporate recidivism, share how the CFPB will sharpen its focus on repeat offenders, and discuss some of the non-monetary, structural remedies regulatory agencies might seek in an effort to deter such behavior.
Director Chopra’s lecture will be followed by a conversation moderated by Edward B. Shils Professor of Law and Professor of Political Science Cary Coglianese, the director of the Penn Program on Regulation, who will pose questions from the audience.
The event is co-sponsored by The Regulatory Review and will be held over Zoom. It is free and open to the public.
The CFPB is a unit of the Federal Reserve System charged with protecting families and honest businesses from illegal practices by financial institutions and ensuring that markets for consumer financial products and services are fair, transparent, and competitive. As Director of the CFPB, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation and the Financial Stability Oversight Council.
In 2018, Director Chopra was unanimously confirmed by the U.S. Senate as a Commissioner on the Federal Trade Commission, where he served until assuming office as CFPB Director. During his tenure at the FTC, he successfully worked to strengthen sanctions against repeat offenders, to reverse the agency’s reliance on no-money, no-fault settlements in fraud cases, and to halt abuses of small businesses. He also led efforts to revitalize dormant authorities, such as those to protect the “Made in USA” label and to promote competition.
Director Chopra previously served at the CFPB from 2010 to 2015. In 2011, the Secretary of the Treasury designated him as the agency’s student loan ombudsman, where he led the Bureau’s efforts on student lending issues. Prior to his government service, Chopra worked at McKinsey & Company, the global management consultancy, where he worked in the financial services, health care, and consumer technology sectors.
Chopra holds a BA from Harvard University and an MBA from the Wharton School of the University of Pennsylvania.