Breaking News: Chopra Out at CFPB

President Donald Trump today fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. This marks the first time a president has officially dismissed the head of the CFPB, following a 2020 Supreme Court ruling that gave presidents the power to remove directors at will. Chopra’s abrupt departure comes at a time of increasing tensions between the bureau and the financial industry, especially over regulations concerning fees and consumer protections.