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Trump fires consumer bureau director Chopra, source says

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/ ]