[Yahoo] Fauxcahontas' Fav Despot DefenestratedPresident Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover.
Chopra was one of the more important regulators from the previous Democratic administration who was still on the job since Trump took office on Jan. 20. Chopra's tenure saw the removal of medical debt from credit reports and limits on overdrafts penalties, all based on the premise that the financial system could be fairer and more competitive in ways that helped consumers. But many in the financial industry viewed his actions as regulatory overreach.
Under the law, Chopra was to serve a five-year term, which meant he could have stayed on as the CFPB director. But he had publicly stated that he would leave his post if the new president asked.
The bureau was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance. It has long been opposed by Republicans and their financial backers.
Last year, the Supreme Court rejected a challenge that could have undermined the bureau, ruling that the way it is funded does not violate the Constitution. Unlike most federal agencies, the bureau does not rely on the annual budget process in Congress, but is funded directly by the Federal Reserve.
| In addition to being a pet project of Senator Fauxcahontis, venture capitalist and Trump convert Marc Andreessen blamed the Consumer Financial Protection Bureau for the debanking issue many in tech and cryptocurrencies were damaged or destroyed by in recent years. |
[X]
‼️Important Clarification: 88 is the number of FBI agents and top managers who ACTUALLY were walked out of their offices today, including those at the Washington Field Office, Palm Beach, and Miami FBI offices. That number also includes special agents in charge of various field… https://t.co/RUNtH76H1p
— Susan Crabtree (@susancrabtree) February 1, 2025
| Related: Census Director Robert Santos Abruptly Resigns: 3 Reasons Why This is Massive News and from the same blogger: The U.S. Census Bureau Stole At Least 16 Electoral Votes and 15 U.S. House Seats |
Related:
Consumer Financial Protection Bureau: 2024-12-07 How Democrats ''debanked'' political opponents in shocking attack on American freedoms
Consumer Financial Protection Bureau: 2024-03-09 Obama-Biden AdministrationWas is Creeping Fascism
Consumer Financial Protection Bureau: 2023-10-12 Biden proposes a ban on 'junk fees' ‐ from concert tickets to hotel rooms
Consumer Financial Protection Bureau: 2024-12-07 How Democrats ''debanked'' political opponents in shocking attack on American freedoms
Consumer Financial Protection Bureau: 2024-03-09 Obama-Biden Administration
Consumer Financial Protection Bureau: 2023-10-12 Biden proposes a ban on 'junk fees' ‐ from concert tickets to hotel rooms
Related:
Rohit Chopra 07/23/2022 America's baby formula shame: Biden's 53 flights of foreign back-up is only enough to feed infants for a week... leaving shelves still bare and forcing moms to take matters into their own hands
Rohit Chopra 07/15/2022 [Shrieking Harpy] Elizabeth Warren Calls to Shut Down Crisis Pregnancy Centers ‘All Around the Country'
Rohit Chopra 07/12/2022 While Biden Blunders, CFPB Director Rohit Chopra Is Working to Massively Expand the Regulatory State
Rohit Chopra 07/23/2022 America's baby formula shame: Biden's 53 flights of foreign back-up is only enough to feed infants for a week... leaving shelves still bare and forcing moms to take matters into their own hands
Rohit Chopra 07/15/2022 [Shrieking Harpy] Elizabeth Warren Calls to Shut Down Crisis Pregnancy Centers ‘All Around the Country'
Rohit Chopra 07/12/2022 While Biden Blunders, CFPB Director Rohit Chopra Is Working to Massively Expand the Regulatory State
