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President Trump fired CFPB director Rohit Chopra, a Biden-era holdover, as part of his administration's shake-up. Chopra, an ally of Sen. Warren, was a strong advocate for financial consumer protection.
During Trump's first term, Republican had picked Chopra as a Democrat member of the Federal Trade Commission (AP Photo)
UPDATED: Feb 1, 2025 21:22 IST
PALM BEACH: President Donald Trump has dismissed Rohit Chopra, director of the Consumer Financial Protection Bureau, in the latest move to remove Biden administration holdovers.
Chopra, a significant regulator from the previous Democratic administration, had remained in his position since Trump took office on January 20.
During Trump’s first term, the Republican had picked Chopra as a Democrat member of the Federal Trade Commission.
Chopra was notified of his firing in an email from the White House, according to a person familiar with the notice who was not authorized to discuss the matter publicly and spoke on condition of anonymity, reports Associated Press.
Chopra is an ally of Sen. Elizabeth Warren, one of Trump’s favorite targets, and the Massachusetts Democrat said in a statement that the agency under Chopra held “Wall Street accountable for cheating hard-working families” and prevented “the de-banking of Americans across the country, including consumers locked out of the financial system due to overdraft fees, religious organizations, and conservatives.”
Under the law, Chopra was to serve a five-year term, which meant he could have stayed on as the CFPB director. But he had publicly stated that he would leave his post if the new president asked.
Published By:
indiatodayglobal
Published On:
Feb 1, 2025
