In Palm Beach, Florida, President Donald Trump has removed Rohit Chopra, the director of the Consumer Financial Protection Bureau, in a move to eliminate more Biden administration officials.
Chopra, an important regulator from the previous Democratic government, had remained in his position since Trump’s inauguration on January 20.
During Trump’s first term, the Republican had picked Chopra as a Democrat member of the Federal Trade Commission.
The decision to terminate Chopra was conveyed to him through an email from the White House, as reported by a source familiar with the communication. The source requested anonymity due to the sensitive nature of the topic.
Chopra is an ally of Sen. Elizabeth Warren, one of Trump’s favorite targets, and the Massachusetts Democrat said in a statement that the agency under Chopra held “Wall Street accountable for cheating hard-working families” and prevented “the de-banking of Americans across the country, including consumers locked out of the financial system due to overdraft fees, religious organizations, and conservatives.”
Under the law, Chopra was to serve a five-year term, which meant he could have stayed on as the CFPB director. But he had publicly stated that he would leave his post if the new president asked.
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