Wed Feb 05 15:20:00 UTC 2025: **Trump Fires Consumer Financial Protection Bureau Director Rohit Chopra**
**WASHINGTON, D.C. (February 1, 2025) –** President Trump has dismissed Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), in what is being seen as the latest removal of a Biden administration holdover. Chopra, a key regulator from the previous administration, was notified of his firing via email from the White House.
In a letter to the President, Chopra expressed his privilege in serving as director and highlighted the CFPB’s efforts to “restore the rule of law.” He noted the agency’s critical role in protecting consumers given the concentration of power in the financial sector. Chopra’s term was set to last five years, but he had previously indicated he would leave if requested by the new president.
Senator Elizabeth Warren, a vocal supporter of Chopra, praised his tenure, stating that the CFPB under his leadership held Wall Street accountable and prevented the exclusion of numerous Americans from the financial system. Consumer Reports also lauded Chopra’s work, citing his success in securing billions of dollars in relief for defrauded consumers and implementing new consumer protection rules.
Chopra’s firing marks another significant shift in the Trump administration’s approach to regulatory oversight. His replacement remains unannounced.
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