Trump Admin Fires Consumer Bureau Chief Rohit Chopra

Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive enforcement and expansion of consumer protection laws.

 

 

The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired on Saturday, prematurely ending a five-year term that was scheduled to run through late 2026.

 

“With so much power concentrated in the hands of a few, agencies like the C.F.P.B. have never been more critical,” Mr. Chopra wrote in a letter he posted on social media announcing his departure.

 

 

Mr. Chopra expected to be fired immediately after President Trump took office, but he improbably hung on for nearly two weeks, even as the president ousted scores of other agency leaders. He used that time to impose a $2 million fine on a money transmitter and release reports on auto lending costs, specialty credit reporting companies and rent payment data.

Source: Trump Administration Fires Consumer Bureau Chief Rohit Chopra