Biden’s choice to lead the consumer office is committed to helping struggling borrowers. : NPR

Biden's choice to lead the consumer office is committed to helping struggling borrowers.  : NPR

Rohit Chopra, Biden’s choice to head the Consumer Financial Protection Bureau, told lawmakers in a remote hearing, “the financial lives of millions of Americans are in ruins.” He is pictured here during a hearing in 2019.

Susan Walsh / AP

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Susan Walsh / AP

Rohit Chopra, Biden’s choice to head the Consumer Financial Protection Bureau, told lawmakers in a remote hearing, “the financial lives of millions of Americans are in ruins.” He is pictured here during a hearing in 2019.

Susan Walsh / AP

The Trump administration aimed to ease the rules for business. But Gary Gensler, President Biden’s candidate for head of the Securities and Exchange Commission, has a very different mantra.

“When there are clear rules of the road and a cop is about to enforce them, our economy grows and our nation thrives,” Gensler told members of the Senate Banking Committee.

Rohit Chopra, Biden’s choice as head of the Consumer Financial Protection Bureau, clearly needs a tough cop on pace during the pandemic.

“The financial lives of millions of Americans are in ruins,” Chopra told the…

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