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U.S. Senate to vote soon on Chopra's move to top consumer watchdog

WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Tuesday advanced a full chamber vote on the nomination of Federal Trade Commission member Rohit Chopra to lead...
U.S. Senate to vote soon on Chopra's move to top consumer watchdog © Reuters. FILE PHOTO: Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly

WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Tuesday advanced a full chamber vote on the nomination of Federal Trade Commission member Rohit Chopra to lead the Consumer Financial Protection Bureau, a key agency for President Joe Biden's administration.

The Senate Banking Committee tied 12-12 on Chopra's nomination to the CFPB in March, but Schumer on Tuesday "discharged" Chopra from the committee, meaning his nomination can be put to a full floor vote.

Earlier on Tuesday, Schumer praised Chopra as having a long history of defending middle-class people from financial institutions and students from for-profit colleges.

Chopra's departure from the Federal Trade Commission, to which he was unanimously confirmed in 2018, would leave the five-member body with two Democrats and two Republicans. Three members of the commission must support a proposal for it to go forward. Privacy advocate Alvaro Bedoya has been nominated to replace him.

Progressives see both financial regulators as key to advancing policy directives around climate change and racial justice. The CFPB has been a political lightning rod since it was created following the 2009 financial crisis, beloved by Democrats as a guardian of ordinary Americans but reviled by Republicans as too powerful and unaccountable.

Chopra is expected to stamp out exorbitant lending rates and abusive debt-collection practices and address the student debt burden and gaps in minorities' access to credit.

"Americans need someone at the helm of the CFPB who is ready to stand up to the biggest banks and the most powerful corporations in order to protect consumers," Committee Chair Sherrod Brown, a Democrat, said in a statement on Tuesday evening.

"Rohit Chopra has the expertise and track record to lead an agency dedicated to protecting working families and all consumers."

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19-03-2024 16:32:02 (UTC+7)

EUR/USD

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EUR/USD

1.0845

-0.0026 (-0.24%)

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GBP/USD

1.2680

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USD/JPY

150.57

+1.43 (+0.96%)

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AUD/USD

0.6506

-0.0053 (-0.81%)

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USD/CAD

1.3578

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EUR/JPY

163.30

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EUR/CHF

0.9635

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Gold Futures

2,155.05

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25.082

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Bayer AG NA

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265.98

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Adidas AG

201.55

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Deutsche Lufthansa AG

6.833

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Siemens AG Class N

183.00

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Deutsche Bank AG

13.550

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    EUR/USD 1.0845 ↑ Sell  
    GBP/USD 1.2680 ↑ Sell  
    USD/JPY 150.57 ↑ Buy  
    AUD/USD 0.6506 ↑ Sell  
    USD/CAD 1.3578 ↑ Buy  
    EUR/JPY 163.30 ↑ Buy  
    EUR/CHF 0.9635 Sell  
    Gold 2,155.05 ↑ Sell  
    Silver 25.082 ↑ Sell  
    Copper 4.0940 ↑ Sell  
    Crude Oil WTI 81.91 Neutral  
    Brent Oil 86.60 Neutral  
    Natural Gas 1.732 Neutral  
    US Coffee C 180.90 ↑ Sell  
    Euro Stoxx 50 4,987.75 ↑ Buy  
    S&P 500 5,149.42 ↑ Sell  
    DAX 17,961.85 Sell  
    FTSE 100 7,719.41 Buy  
    Hang Seng 16,529.48 Sell  
    Small Cap 2000 2,024.74 ↑ Sell  
    IBEX 35 10,622.13 Sell  
    BASF 49.455 ↑ Buy  
    Bayer 26.04 ↑ Buy  
    Allianz 265.98 ↑ Sell  
    Adidas 201.55 Neutral  
    Lufthansa 6.833 Neutral  
    Siemens AG 183.00 Buy  
    Deutsche Bank AG 13.550 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,950/ 8,120
(-20/ -20) # 1,667
SJC HCM7,950/ 8,150
(10/ 10) # 1,696
SJC Hanoi7,950/ 8,152
(10/ 10) # 1,698
SJC Danang7,950/ 8,152
(10/ 10) # 1,698
SJC Nhatrang7,950/ 8,152
(10/ 10) # 1,698
SJC Cantho7,950/ 8,152
(10/ 10) # 1,698
Cập nhật 19-03-2024 16:32:06
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EUR26.178,3227.614,88
GBP30.615,2931.917,97
JPY159,90169,24
KRW15,9819,37
Cập nhật lúc 16:27:49 19/03/2024
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