December 12, 2022
2 mins read

2 Indian-Americans among Money magazine’s top 50 changemakers

As the director of the government’s CFPB, Chopra, 40, is tasked with protecting families from deceptive and abusive financial practices….reports Asian Lite News

Two Indian-Americans are among Money magazine’s 50 influential figures from entertainment, media, business, investing, politics, etc, who are shaping Americans’ finances.

Rohit Chopra, head of the Consumer Financial Protection Bureau (CFPB) and Gaurav Sharma of New York-based fintech firm Capitalize, have been recognised for offering “unique perspective on the gaps within our financial systems – and how they’re working to improve the future for everyday consumers”.

As the director of the government’s CFPB, Chopra, 40, is tasked with protecting families from deceptive and abusive financial practices.

Appointed by US President Joe Biden in 2021, “Chopra has already made an outsized impact on the wallets of Americans by helping overhaul how medical debt affects our credit, reduce ‘junk fees’ charged by banks, and more,” says Money.

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation and the Financial Stability Oversight Council.

“As far as financial regulators go, 40-year-old Chopra is young, though he’s certainly not inexperienced. In fact, he’s a bit of a financial Forrest Gump,” the Money said.

During his tenure at the Federal Trade Commission starting 2018, Chopra successfully worked to strengthen sanctions against repeat offenders, to reverse the agency’s reliance on no-money, no-fault settlements in fraud cases, and to halt abuses of small businesses. Prior to his government service, Chopra worked at McKinsey & Company, the global management consultancy, where he worked in the financial services, health care, and consumer technology sectors.

Chopra holds a BA from Harvard University and an MBA from the Wharton School at the University of Pennsylvania.An Australian by birth, Sharma is the CEO and Co-Founder of Capitalize — a venture-backed fintech company in New York focused on the retirement savings market. Before founding Capitalize, Sharma worked for JP Morgan, UBS, Morgan Stanley, and Greenlight Capital.

After seeing how hard it is for most people to understand their retirement accounts, he decided to build a company that makes it easier.

“Really honored to be recognized by @Money as one of 50 Changemakers for 2023 – and flattered to be alongside some amazing innovators,” Sharma tweeted.

Initially, Sharma wanted Capitalize just to solve the problem of finding an old account and getting the money easily into an individual retirement account. Looking forward, though, “our bigger mission is helping the issue of saving for retirement,” Sharma told Money.

ALSO READ: Indian American appointed Tufts University President

Previous Story

Tharoor lauds India’s abstention of vote at UNSC

Next Story

B’desh reaches out to India on Rohingya, energy sector issues

Latest from -Top News

Multi-alignment, upgraded

With US ties strained and China tense, New Delhi taps Europe’s harder edge for co-development, clean tech and strategic autonomy, writes Manoj Menon India is recalibrating its great-power hedging as frictions with

India-EU Trade Deal Breakthrough Soon?

Negotiators report increased momentum in discussions, which have been given a boost from US President Donald Trump’s tariff offensive…reports Asian Lite News India and the European Union aim to finalise a trade

Europe Seeks Peace in Gaza

European countries condemn Israeli interception of Gaza-bound flotilla, demand safety of citizens…reports Asian Lite News Israel’s interception of an international flotilla carrying humanitarian aid to Gaza has sparked condemnation across Europe, with

GAZA: Egypt to Host Peace Talks

Egypt hopes the discussions will help “end the war and the suffering of the brotherly Palestinian people, which has continued for two consecutive years…reports Asian Lite News Egypt will host Israeli and

‘My Injuries Made Me’

During his four-year battle with injury, the incumbent fast bowling spearhead made occasional appearances but couldn’t bear the workload and demands of red-ball cricket….reports Asian Lite News England tearaway Jofra Archer believes
Go toTop

Don't Miss

Central US warned of wild weather

Blizzard warnings were given to the area stretching from Montana

Quad confronts the need for redefining itself and its rules

The US under President Biden appears to regard the Quad