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.

  • Soup@lemmy.world
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    7 hours ago

    I’ve been very clear that I’m talking exactly about, and I’ll separate it so you can understand:

    1. You assumption that the execution would be cleaner and/or more gentle, and

    2. That I know you’re admitting you’re wrong but I’m just wholly surprised at how you even got to that wrong answer in the first place.

    I’m not being tricky with my words, but the U.S. is largely nearly illiterate so maybe that’s part of it. The motive at first was just the second point wondering how you even thought it’d be vaguely ok at any point and how you missed all the signs.