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March 3, 2021


A recent Law360 article notes that Rohit Chopra, President Joe Biden’s nominee to lead the Consumer Financial Protection Bureau, presented himself as a strong, but fair-minded, ally to consumers in questioning at his confirmation hearing on Tuesday, stressing a need for robust industry oversight and enforcement while acknowledging the importance of agency transparency and accountability.

In the article, Quyen Truong, a partner in Stroock’s Financial Services Litigation, Regulation and Enforcement Group, told Law360 that one of her biggest takeaways from Chopra’s comments was how strongly he believes in regulatory intervention to check dominant companies' power.

Read the article in Law360. (subscription required)