Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), has resigned from his position after facing pressure from the Trump administration. Chopra, a vocal advocate for consumer protection, announced his departure in a social media post, stating that he hoped the CFPB would continue to be a pillar of economic liberty in America. His resignation comes amid calls from groups like the Consumer Bankers Association for his removal from Wall Street.
from the Biden administration, given that many appointees resigned as Trump entered office. Chopra, 42, announced his departure in a Saturday post on social media.
Chopra, whose term would have ended in October 2026, said he would stay on the job until Trump decided to remove him and select a new CFPB director. During Trump’s first term, his administration notably scaled down enforcement by the CFPB, which oversees credit cards, mortgages, payday loans, and many other financial products used by households.
Warren, a major opponent of the big banks, released a statement Saturday praising the CFPB under Chopra’s leadership.
CONSUMER PROTECTION CFPB ROHIT CHOPRA TRUMP ADMINISTRATION WALL STREET
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