“I don’t want to see another foreclosure crisis in this country. “My intuition is we have to be ready for potentially looming problems when it comes to forbearances that might flip to foreclosures,” Chopra said. In his confirmation hearing Tuesday before the Senate Banking Committee, Chopra, President Joe Biden’s choice for director of the Consumer Financial Protection Bureau, emphasized that the CFPB has to be ready for housing market fallout due to the pandemic. Student loan debt is in his crosshairs, too.
Rohit Chopra is laser-focused on helping homeowners who have been hit hard by the COVID-19 pandemic.
