Trump Administration fires Consumer Bureau chief

The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired prematurely ending a five-year term.

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 homes.

Read Full Article: Trump Administration fires Consumer Bureau chief

 

Tags/Keywords

 

Quick Menu

Facebook FTwitter T