Chopra
Posted on 02/01/2025 12:48:10 PM PST by E. Pluribus Unum
Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive enforcement and expansion of consumer protection laws.
The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired on Saturday, prematurely ending a five-year term that was scheduled to run through late 2026.
“With so much power concentrated in the hands of a few, agencies like the C.F.P.B. have never been more critical,” Mr. Chopra wrote in a letter he posted on social media announcing his departure.
Mr. Chopra expected to be fired immediately after President Trump took office, but he improbably hung on for nearly two weeks, even as the president ousted scores of other agency leaders. He used that time to impose a $2 million fine on a money transmitter and release reports on auto lending costs, specialty credit reporting companies and rent payment data.
When Congress created the consumer bureau in 2011 — to increase oversight of mortgage loans and other financial products in the aftermath of the Great Recession — it included guardrails to protect the agency’s independence and shield it from shifting political tides. But the Supreme Court ruled in 2020 that the president was free to fire the agency’s director without cause, which cleared the way for the bureau’s leadership to change with each presidential administration.
Mr. Chopra was a scourge of Wall Street, known for his aggressive approach to enforcing consumer protection laws and expanding their boundaries by issuing new rules. He led a crackdown that prompted most large banks to abandon or significantly reduce overdraft fees, and he ordered Wells Fargo to pay $2 billion in 2022 to customers harmed by its misdeeds, which included improperly seizing some borrowers’ cars and...
(Excerpt) Read more at nytimes.com ...
US feral government agencies always have names that are the exact opposite of what they actually do.
Check
Decoys
A Warren acolyte. Same Indian tribe: Communist.
The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired on Saturday, prematurely ending a five-year term that was scheduled to run through late 2026.
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was rohit sen pocahonta’s soy boy?
Squaw going to be on warpath.
Will Fed.gov finally allow us to have toasters that work? Washing machines that don’t break after 5 years? Normal incandescent light bulbs? Inexpensive diesel trucks that last 500K miles?
One can dream....
CBC deep in Grey Beaver tee pee.
Mire lies from the left.
He was up for 5 years, his term expired.
What has the Consumer Financial Protection Bureau EVER done for me?
squawking squaw BIG mad!
“Will Fed.gov finally allow us to have toasters that work? Washing machines that don’t break after 5 years? Normal incandescent light bulbs? Inexpensive diesel trucks that last 500K miles?”
Maybe 1 and 3 the Incandescent bulbs are gone
Chopra
Our Indians are better than their Indians.
Elizabeth Warren, aka Pocahontas, hardest hit.
And air conditioners that are not explosive. Hell let’s go back to ammonia 😎
My HVAC buddy says Europe uses mostly propane which is flammable but very efficient
Here in US the changes are made just to maintain patents and make industry money.
Is that Princess Pharma Wampum that you are speaking of?
Albino squaw from Mass.
He was appointed in Oct 2021. His term was up in Oct 2026. He was asked to resign, and did so without (public) protest. He serves at the pleasure of POTUS, and it was within POTUS's authority to request his resignation, a polite way of firing him.
Ah. He indicated his term was up.
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