Trump Sacks Director Of Consumer Financial Protection Bureau
President Donald Trump has dismissed Rohit Chopra, the director of the Consumer Financial Protection Bureau, in the latest move to remove a holdover from the Biden administration.
Chopra was one of the most prominent regulators from the previous Democratic administration who had remained in office since Trump’s inauguration on January 20.
During Trump’s first term, he had appointed Chopra as a Democratic member of the Federal Trade Commission.
Chopra posted a letter addressed to President Trump on his X account on Saturday in which he said it “has been an extraordinary privilege to serve as Director of the Consumer Financial Protection Bureau (CFPB) and as a Member of the Board of Directors of the Federal Deposit Insurance Corporation since 2021, as well as to serve as a Commissioner on the Federal Trade Commission from 2018 to 2021”.
He said he is “grateful to both President Biden and you for nominating me and to the United States Senate for confirming me to these positions”.
He said, “This letter confirms that my term as CFPB Director has concluded. I know the CFPB is ready to work with you and the next confirmed Director, and we have devoted a great deal of energy to ensure continued success.
“For example, we have proposed rules to block China, Russia, and other countries of concern from conducting surveillance operations on Americans using commercial data brokers.
“We have also put forth policies to block financial firms and technology giants from debanking and deplatforming Americans based on their speech or religious views, while also restoring freedom and other individual rights.
“The next CFPB Director will also be able to act on the evidence we have already uncovered in law enforcement investigations of Big Tech and Wall Street firms.”
