President-elect Joe Biden will nominate Rohit Chopra to be the next director of the Consumer Financial Protection Bureau, according to four sources familiar with the decision, choosing a strong consumer advocate aligned with Sen. Elizabeth Warren (D-Mass.). If confirmed, Chopra, now a member of the Federal Trade Commission, would be returning to helm an agency he helped Warren set up after its establishment by the landmark Dodd-Frank financial reform law of 2010. The selection of Chopra signals that the Biden administration plans to return the CFPB to the more-muscular posture of its early days following three years of Trump administration appointees curbing the agency's reach. Biden also plans to nominate Gary Gensler, a former financial regulator known for aggressive bank oversight, as chairman of the Securities and Exchange Commission, a source familiar with the matter said.