By Tim Glaze | HousingWire
Rohit Chopra is laser-focused on helping homeowners who have been hit hard by the COVID-19 pandemic. Student loan debt is in his crosshairs, too. 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.
“My intuition is we have to be ready for potentially looming problems when it comes to forbearances that might flip to foreclosures,” Chopra said. “I don’t want to see another foreclosure crisis in this country. And we need to do everything we can to make sure the laws are being followed and homeowners can navigate their options.”