Trump Fires CFPB Director Rohit Chopra, Purging Biden Holdover

Rohit Chopra has been fired from his position as Director of the Consumer Financial Protection Bureau (CFPB) by President Trump, marking a significant shift as the Trump administration removes Biden-era appointees. Chopra, who had been in the role since 2021, announced his departure via a letter addressed to Trump, emphasizing the importance of the CFPB in protecting consumers from the influence of powerful financial firms. Reports suggest Chopra received notification of his termination through an email from the White House, and he previously indicated a willingness to step down if asked by the new administration. Elizabeth Warren, a supporter of Chopra, defended his tenure, stating that he held Wall Street accountable and protected vulnerable consumers. The firing aligns with ongoing efforts by the Trump administration to reshape the CFPB and reduce its regulatory reach, with discussions about potentially restructuring the agency's oversight. This transition occurs amidst broader scrutiny of the CFPB's actions and intentions under its previous leadership.