President Donald Trump has fired Indian-American Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), in the latest move to remove holdovers from the Biden administration. Chopra, who had been serving as the CFPB director since 2021, was notified of his firing via an email from the White House, according to a source familiar with the matter who spoke on the condition of anonymity.

Chopra, a prominent figure in financial regulation, is a known ally of Senator Elizabeth Warren and was a key advocate for stronger oversight of financial institutions. As an Indian-American, Chopra became an influential voice in U.S. financial regulation, having previously served as an assistant director at the CFPB and as its first Student Loan Ombudsman. He was appointed to the CFPB by President Joe Biden, continuing his efforts to protect consumers and ensure Wall Street accountability.

His tenure included pushing back against practices like the "de-banking" of certain groups, including those facing financial hardships due to overdraft fees, as well as religious organizations and conservative groups.

Before leading the CFPB, Chopra was nominated by President Trump in 2017 to fill a Democratic seat on the Federal Trade Commission (FTC). There, he gained recognition for scrutinizing the practices of major tech companies, including Google and Facebook. Though he had worked under Trump, his firing marks a clear break from the previous administration’s approach, as Chopra had publicly stated that he would leave his post if asked by the new president.