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President Trump Fires Director Chopra, Welcoming Financial Industry Abuses

WASHINGTON, DC — Today, President Trump caved to demands from the financial industry and fired Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, undercutting the agency’s critical work lowering costs for American families and standing up against shady financial actors. In response, Accountable.US Director of the Economic Security & Corporate Power Program Liz Zelnick released the following statement:
Republicans in Congress who are cozy with their financial industry donors are eager to say good-bye to Director Chopra. But there’s no public support for taking away basic consumer protections and making it harder for regulators to go after bad actors. Director Chopra has led the CFPB in returning billions to Americans’ pockets while creating rules that protect us all from unfair and deceptive practices in mortgages, credit cards, and bank accounts. The President’s decision to fire Director Chopra is yet another indicator of where his loyalties lie.
“Whoever comes next must be vetted and confirmed, not merely appointed."
Accountable.US Liz Zelnick.
Republicans in Congress have long held a grudge against the CFPB, introducing multiple bills over the years to harm the agency at the behest of their industry donors.
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