


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.
Chopra was one of the more important regulators from the previous Democratic administration who was still on the job since Trump took office on Jan. 20. Chopra’s tenure saw the removal of medical debt from credit reports and limits on overdrafts penalties, all based on the premise that the financial system could be fairer and more competitive. But many in the financial industry viewed his actions as regulatory overreach.
In a social media post Saturday, Chopra thanked people who “shared their ideas and experiences” with the government’s consumer financial watchdog agency.
“You helped us hold powerful companies & their executives accountable for breaking the law, and you made our work better,” Chopra posted on X.
— The Associated Press