Trump Removes CFPB Director Rohit Chopra, Signaling Regulatory Shift

Chopra, a Biden-era appointee known for aggressive consumer protections, departs following White House directive.

President Donald Trump dismissed Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, a prominent holdover from the Biden administration.
Chopra, who was known for championing consumer protections and holding financial institutions accountable, announced his resignation via a letter shared on social media.
During his tenure, Chopra focused on issues like 'junk fees,' student debt, and securing significant settlements, including a $3.7 billion case against Wells Fargo.
The CFPB, created after the 2008 financial crisis, has faced longstanding Republican opposition, with some calling for its overhaul or elimination.
The Trump administration has yet to announce Chopra's replacement, but a Senate Banking Committee chair hinted at an impending 'blockbuster' nominee.