Overview

• Rohit Chopra remains as director of the CFPB nearly a week into President Trump's second term, despite expectations of his removal.
• The CFPB, under Chopra, has been active in enforcement actions, including a recent settlement with Argus Information and Advisory Services over financial law violations.
• Chopra has launched initiatives addressing consumer credit issues, including a request for public input on credit card interest rates, a topic Trump mentioned during his campaign.
• Wall Street and conservative critics have expressed frustration over Chopra's continued tenure, citing his progressive agenda and regulatory actions against financial institutions.
• Reports suggest Trump’s administration is struggling to find a willing replacement for Chopra, with several candidates declining the position.