Emma Roth is a news writer who covers the streaming wars, user tech, crypto, societal media, and overmuch more. Previously, she was a writer and editor astatine MUO.
President Donald Trump has fired Rohit Chopra, the head of the Consumer Financial Protection Bureau (CFPB). In a missive posted to X, Chopra confirmed his “term arsenic 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 successful 2021, the CFPB took an fierce attack to regulating tech companies and financial institutions. The CFPB astir precocious projected limiting information brokers’ expertise to waste individual information successful the US. It sued awesome US banks for “widespread fraud” connected Zelle and also issued a rule that would put integer costs services for illustration Apple Pay, Google Wallet, and PayPal nether bank-like supervision — thing it’s now facing a lawsuit over.
Trump was widely expected to occurrence Chopra earlier the director’s word came to an extremity successful October 2026. “With truthful overmuch powerfulness concentrated successful the hands of a few, agencies for illustration the CFPB person ne'er been much critical,” Chopra wrote successful his letter. “We’ve led efforts crossed the authorities to extremity the scourge of junk fees successful banking and crossed sectors of the economy, to tame the harmful impacts of aesculapian bills riddled pinch errors, and to limit the creep of surveillance by information brokers that puts our delicate information successful the hands of overseas adversaries.”
Since taking agency past month, Trump has pushed retired galore of the officials appointed by the Biden administration, replacing them pinch his ain allies. Elon Musk, who is starring the government’s efforts to trim spending, said the US should “delete” the CFPB past year.
Senator Elizabeth Warren (D-MA) responded to Chopra’s departure by saying Trump will request a “strong CFPB and a beardown CFPB” head to execute goals of capping in installments paper liking rates and lowering costs. “If President Trump and Republicans determine to cower to Wall Street billionaires and destruct the agency, they will person a conflict connected their hands,” Warren said.