On the same day Rohit Chopra was sworn in as the director of the Consumer Financial Protection Bureau, he wrote a letter to his staff, the board of governors of the Federal Reserve System, board of directors of the Federal Deposit Insurance Corp., and members of the Financial Stability Oversight Council.
In his letter, Chopra emphasizes the bureau’s focus on protecting consumers during a fragile economic time for the U.S.
For more details from his correspondence, read on.