Trump fires consumer bureau director Chopra, source says

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Trump fires consumer bureau director Chopra, source says

//business-finance.news-articles.net/content/202 .. consumer-bureau-director-chopra-source-says.html

Published in Business and Finance on Saturday, February 1st 2025 at 19:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Rohit Chopra announced early Saturday he was stepping down as head of the top U.S. watchdog agency for consumer finance after President Donald Trump fired him overnight, according a letter Chopra posted online and a person familiar with the situation.

210x110/3668 Bytes

On February 1, 2025, former U.S. President Donald Trump fired Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), according to a source cited by Reuters. This action was part of Trump's broader initiative to dismantle what he referred to as the "deep state" within the federal government. The dismissal of Chopra, who was appointed by President Joe Biden, reflects Trump's ongoing efforts to replace officials with those more aligned with his political and economic ideologies. The CFPB, established to protect consumers from abusive financial practices, has often been a target for conservative critics who argue it oversteps its regulatory bounds. Trump's decision to remove Chopra could signal a shift in the bureau's direction, potentially affecting its regulatory approach and enforcement activities.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/us/trump-fires-consumer-bureau-director-chopra-source-says-2025-02-01/ ]