FOR IMMEDIATE RELEASE
Contact: Vishal Shankar, narayanaswamy@therevolvingdoorproject.org
In response to Republicans’ questioning during Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra’s report to Congress this week, Revolving Door Project Senior Researcher Vishal Shankar issued the following statement:
“Over the past two years, Rohit Chopra has made one thing very clear to Big Business: your days of ripping off the American people are over. From banking to payday lending to credit reporting, Chopra has helped everyday Americans get justice from some of the consumer finance industry’s scummiest repeat-offenders. It’s no surprise these very corporate criminals are now relying on their loyal Congressional bagmen to smear Chopra for doing his job.
In yesterday’s hearing, Rep. Andy Barr baselessly accused Chopra of “McCarthyism” for scrutinizing abusive industry-wide practices. Rep. Blaine Luetkemeyer absurdly labeled Chopra the “greatest extortionist in history” for issuing bulletins to help companies follow the law. And in a stunningly frank admission of his own ignorance, Rep. Dan Meuser asked Chopra why the Bureau wasn’t doing a better job of “serving banks […] the clientele you’re supposed to be helping.” All of them have taken tens of thousands in campaign contributions from corporate repeat-offenders like JPMorgan Chase, Regions Bank, and Goldman Sachs. Among Financial Services Committee Republicans, they are far from alone.
Director Chopra should wear these pathetic attacks from corporate shills as a badge of honor: they show he is doing an exceptional job of protecting Americans from greedy lawbreakers.”
Revolving Door Project Executive Director Jeff Hauser issued the following statement:
“Biden’s other top officials must ask themselves how they can inspire the same level of hatred from corporate criminals as Rohit Chopra.”
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