Rohit Chopra had led the Consumer Financial Protection Bureau since 2021. Consumer groups praised his leadership, while Republicans have frequently attacked the agency.
Republican lawmakers have filed legislation to defund the Consumer Financial Protection Bureau, adding more uncertainty over GOP plans for the financial regulator.
Chopra, whose term runs through late 2026. Senator Tim Scott of South Carolina, chair of the Senate Banking Committee, told reporters on Tuesday that he anticipates a “blockbuster announcement ...
That's the Consumer Financial Protection Bureau (CFPB), an institution so misguided in both mission and execution that it does not deserve mere reform—it should be abolished outright.
John Barrasso (Wyo.), Rick Scott (Fla.), Steve Daines (Mont.), Marsha Blackburn (Tenn.) and Mike Rounds (S.D.) back his claims and have co-sponsored the Defund CFPB Act, introduced Wednesday.