PALM BEACH, Fla. (AP) — President Donald Trump has fired the director of the Consumer Financial Protection Bureau , Rohit Chopra , in the latest purge of a Biden administration holdover.
PALM BEACH, Fla. — President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover.
“You helped us hold powerful companies & their executives accountable for breaking the law, and you made our work better,” Chopra posted above on X above pictures of his letter announcing that he would no longer lead the bureau. The letter noted the CFPB has also analyzed Trump's campaign proposal to cap credit card interest rates.
In many ways, Chopra exemplified some of the tensions between Trump's promises to curb regulations for businesses and his populist appeals to voters. When The Associated Press reported on Jan. 22 that Chopra remained in his job after Trump took the oath of office, his critics in the financial sector quickly said the president needed to dismiss him.
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