Summary

Trump abruptly fired Consumer Financial Protection Bureau Director Rohit Chopra, ending his tenure as a key Biden-era regulator retained from the previous administration.

Chopra oversaw sweeping reforms that removed medical debt from credit reports and limited overdraft penalties, measures widely seen by critics as regulatory overreach.

In a social media post, he thanked loyal supporters for helping the bureau hold powerful companies accountable and prepare policies to block foreign data surveillance.

Critics warned his dismissal clearly signals the end of consumer protections and a rollback of the agency’s mission.

  • pivot_root@lemmy.world
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    14 hours ago

    And the Proton CEO said Republicans are the ones looking out for the little guy. Hey Andy Yen, feeling like a hypocritical asshole yet?

    • SoftestSapphic@lemmy.world
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      10 hours ago

      He can’t hear you over the sound of him being rich

      Nothing will meaningfully improve until the rich fear for their lives

    • Fredselfish@lemmy.world
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      13 hours ago

      Guess why my bank thought it was okay as of today to charge me 5.95 overdraft my account for billpay fee, when I have never used billpay and don’t have it setup. But they will charge me a 35 dollar overdraft fee on it. Got wait until Monday and agrue that they should remove it.

      Had this account for 10 plus years and just last two weeks they pulled similar stunt. First was changing me 5.99 for a monthly mataince fee. They claim that was normal but never gotten it before in 10 years. They remove that. But now they pull this. Probably because now can’t file a complaint to the CFEB.