The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial crisis.

The Trump administration is poised to oust Biden-era appointee Rohit Chopra as director of the Consumer Financial Protection Bureau and is considering either the Treasury Department or the White House Office of Management and Budget to oversee the agency,

Mr. Chopra, long a target of criticism by Republican lawmakers and banks, has not yet been forced out. “I swore an oath to a five-year term,” he said this week.

White House Press Secretary Karoline Leavitt on Tuesday defended President Trump's firings of at least a dozen agency inspectors general, saying Supreme Court precedent allows him the broad power to fire federal employees.

Trump's firings of the Senate-confirmed inspectors general included officials at Defense, State, Transportation, Labor, Health and Human Services, and EPA among others.

Copyright 2025 The Associated Press. All Rights Reserved. Consumer Financial Protection Bureau Director Rohit Chopra, speaks from the South Court Auditorium on the ...

The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t going to be quick, analysts say.

Consumer Financial Protection Bureau. "You Can Submit a Payday Loan Complaint." The White House. “FACT SHEET: Biden-⁠Harris Administration Advances Equity and Opportunity for Asian American ...

Eliminating the Consumer Financial Protection Bureau in Trump's second term appears unlikely. But observers expect the agency to be more restrained.

President Trump’s executive actions, including a freeze on federal grants and a buyout offer to federal employees, have drawn criticism from Democrats and some Republicans, while his pick

The director of the Consumer Financial Protection Bureau ... Chopra has already packed up his office a few blocks from the White House. His picture no longer hangs in the lobby.

President Donald Trump’s firings sets up another major legal clash over Congress’ power to put limits on the removal of federal officials.