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

Pakistan may face stricter IMF terms

The International Monetary Fund (IMF) will undertake its next funding review for Pakistan in the second half of 2025, with 11 new conditions now attached to the continuation of its Extended Fund

Indian diaspora in Japan backs Operation Sindoor

Members of the Indian diaspora in Japan have strongly endorsed Operation Sindoor, India’s targeted military response to the April 22 terror attack in Pahalgam, Kashmir, praising Prime Minister Narendra Modi’s leadership and

What Sri Lanka Can Learn from Pahalgam

If Sri Lanka’s support for India in combating terrorism is genuine, how can Pakistan—widely accused of using terrorism as a tool against India—be treated as an equal partner….writes A. Jathindra While references
Go toTop

Don't Miss

Beijing alleges US media driving wedge between China, Russia on Ukraine

According to a report, Chinese President Xi Jinping had allegedly

US kick-starts five-week H1-B visas renewal drive

Up to 20,000 qualified nonimmigrant workers can renew their H-1B