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Trump fires CFPB head Rohit Chopra
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 “term as CFPB Director has concluded.” Chopra was notified of his removal via an email from the White House, according to a report from the Associated Press. During Chopra’s tenure, […]
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 “term as CFPB Director has concluded.” Chopra was notified of his removal via an email from the White House, according to a report from the Associated Press.
During Chopra’s tenure, which began in 2021, the CFPB took an aggressive approach to regulating tech companies and financial institutions. The CFPB most recently proposed limiting data brokers’ ability to sell personal data in the US. It sued major US banks for “widespread fraud” on Zelle and also issued a rule that would put digital payment services like Apple Pay, Google Wallet, and PayPal under bank-like supervision — something it’s now facing a lawsuit over.
