Senate panel to query CFPB, SEC nominees subsequent month

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WASHINGTON — President Biden’s nominees to steer the Shopper Monetary Safety Bureau and the Securities and Trade Fee will seem earlier than the Senate Banking Committee on March 2.

The affirmation listening to for Rohit Chopra and Gary Gensler, the administration’s picks to steer the CFPB and SEC, respectively, is scheduled for 10 a.m. It is going to be the primary nomination listening to underneath Chairman Sherrod Brown, D-Ohio.

Chopra is presently serving as a Democratic member of the Federal Commerce Fee. He was beforehand an assistant director and scholar mortgage ombudsman on the CFPB underneath former Director Richard Cordray. If confirmed, Chopra will take over for Dave Ueijo, who was named performing director of the CFPB after the Trump-appointed Director Kathy Kraninger resigned in January.

Gensler has been main the Biden transition crew’s banking and securities regulator overview crew. He was chairman of the Commodity Futures Buying and selling Fee from 2009 till 2014.

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