President Donald Trump has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB). In a letter posted to X, Chopra confirmed his “time period as CFPB Director has concluded.” Chopra was notified of his removing by way of an e-mail from the White House, in line with a report from the Associated Press.
Trump was broadly anticipated to fireside Chopra earlier than the director’s time period got here to an finish in October 2026. “With a lot energy concentrated within the palms of some, companies just like the CFPB have by no means been extra vital,” Chopra wrote in his letter. “We’ve led efforts throughout the federal government to cease the scourge of junk charges in banking and throughout sectors of the economic system, to tame the dangerous impacts of medical payments riddled with errors, and to restrict the creep of surveillance by knowledge brokers that places our delicate knowledge within the palms of international adversaries.”
Since taking workplace final month, Trump has pushed out lots of the officers appointed by the Biden administration, changing them together with his personal allies. Elon Musk, who’s main the federal government’s efforts to chop spending, mentioned the US ought to “delete” the CFPB final 12 months.
Senator Elizabeth Warren (D-MA) responded to Chopra’s departure by saying Trump will want a “robust CFPB and a robust CFPB” director to realize targets of capping bank card rates of interest and reducing prices. “If President Trump and Republicans determine to cower to Wall Street billionaires and destroy the company, they may have a combat on their palms,” Warren mentioned.
