FTC Commissioner Rohit Chopra was confirmed by the U.S. Senate to serve as the next director of the CFPB, and he is expected to be sworn in later this week.  A Covington Alert from the time of his nomination notes that Director Chopra’s extensive record indicates that he will direct the Bureau to focus on stringent enforcement, with an emphasis on the imposition of penalties and consumer relief, including substantial sanctions for actors seen as recidivists.  His past statements, including those in his capacity as FTC Commissioner, also suggest a substantive focus on fair lending (particularly the use of algorithmic underwriting), financial technology and big data, credit reporting, student lending and servicing, debt collection, and payday lending.