US President-elect Joe Biden on Monday named Indian-American Rohit Chopra as the head of a federal agency tasked with protecting the interests of consumers financials.

If confirmed by the Senate, Chopra will succeed Kathleen Laura Kraninger as director of the Consumer Financial Protection Bureau.

It regulates the offering and provision of consumer financial products or services under the federal consumer financial laws and educates and empowers consumers to make better informed financial decisions.

Chopra is currently a commissioner on the Federal Trade Commission. He has actively advocated to promote fair, competitive markets that protect families and honest businesses from abuse.

He was unanimously confirmed by the Senate in 2018, and he has pushed for aggressive remedies against lawbreaking companies, specially repeat offenders. Together with state and international law enforcement partners, he has worked to increase scrutiny of dominant technology firms that pose risks to privacy, national security, and fair competition, the transition said.

Chopra previously served as assistant director of the Consumer Financial Protection Bureau, where he led the agency’s efforts on student loans. In 2011, the secretary of the treasury appointed him to serve as the CFPB’s Student Loan Ombudsman, a new position established in the financial reform law. He also served as a Special Advisor at the US department of education.

In these roles, Chopra led efforts to spur competition in the student loan financing market and develop new tools for students.