Trump fired the director of the Consumer Financial Protection Agency

Florida Palm Beach (Associated Press) -The President Donald Trump has retained the director of the Consumer Financial Protection Bureau Rohit Chopra.

Chopra is one of the most important regulatory agencies in the previous Democratic government. He has been working since Trump took office on January 20. Chopra’s term of office deletes medical debt from a credit report and limits overdraft fines. This is based on the premise financial system that can help consumers more fair and competitive. But many people in the financial industry regard his behavior as overly regulatory.

Chopra (Chopra) was about his departure in Saturday’s social media posts. Thanks to people from all over the country and government consumer financial supervision agencies “shared their ideas and experiences.”

Joopra posted on the X above X above X, announced that he would no longer be posted on the picture in the letter of the bureau. And make our work better. “

During Trump’s first term, Republicans chose Chopra as a Democratic member of the Federal Trade Commission.

Jopla pointed out in the letter that the bureau was ready to cooperate with the Trump administration. He said that the agency has prepared to prevent Russia from using data agents to monitor the rules of Americans by using data agents, and formulates the policy aimed at preventing people from losing banking services to exercise their constitutional rights to express their political or religious views Essence

The letter pointed out that CFPB also analyzed Trump’s campaign proposal to limit credit card interest rates.

According to those familiar with the notice, Jopla was informed of his shooting in an email. The notice was not authorized to discuss the matter publicly and speak under anonymous conditions.

According to the law, Jopra will have a term of five years, which means that he can have been a director of CFPB. But he publicly stated that if the new president asked, he would leave his position.

In many aspects, Chopra, for example, illustrates Trump’s tensions on the stress of corporate regulations and his populist call for voters. When the Associated Press reported on January 22 that when Trump was sworn in and stayed at his work, his critics in the financial department quickly stated that the president needed to fire him.

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Chopra is the ally of Trump’s favorite goal, Elizabeth Warren, and Massachusetts Democrats said in a statement that if Trump and Republicans “decided to reduce Wall Street 100 billion yuan 100 million yuan The rich man destroyed the agency, and they would fight in their hands. “She said,” responsible for Wall Street “under the leadership of Chopra.

The House of Representatives Maxine Waters, California, California’s California’s California, said in a statement that Chopra’s firing “marks the end of the strong consumer protection era, and it also marks that Follow the beginning of the plan of this important institution.

The bureau was established after the financial crisis in 2008 to regulates mortgage loans, car loans and other consumer financing. For a long time, Republicans and their financial supporters opposed.

Last year, the Supreme Court rejected a challenge that might undermine the bureau and ruled that the way of its funding did not violate the Constitution. Unlike most federal agencies, the bureau does not rely on Congress’s annual budget procedures, but is directly funded by the Fed.