Rohit Chopra is out the door at the Consumer Financial Protection Bureau, but he left a lasting mark on the US watchdog and the industries it polices by focusing on high-profile issues like exorbitant or hidden bank fees and Big Tech’s growing role in finance.
President Donald Trump fired Chopra, the former director announced Feb. 1, and Treasury Secretary Scott Bessent is now serving as the CFPB’s acting head until Trump names a long-term replacement.
During his three-and-a-half-year tenure in the Biden administration, Chopra used the traditional regulatory and enforcement process to revamp how banks, credit reporting companies, debt collectors, ...