New York, CNN — President Donald Trump has dismissed Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), marking another major shake-up in the administration’s approach to financial regulation.
According to a source familiar with the matter, Chopra received an email from the White House on Saturday morning informing him of his termination. Shortly after, he confirmed his departure in a post on X (formerly Twitter).
Chopra, who has been a strong advocate for consumer rights, has long faced criticism from Republican lawmakers for imposing stricter regulations on financial institutions. His leadership at the CFPB focused on holding corporations accountable and ensuring consumer protections, often putting him at odds with the financial sector and conservative policymakers.
The move is expected to further shift the agency’s priorities, with the Trump administration likely to appoint a director more aligned with its deregulatory stance. It remains to be seen how this decision will impact financial oversight and consumer protection policies moving forward.
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