President Donald Trump has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB). In a letter posted to X, Chopra confirmed his term as CFPB Director has concluded. Chopra was notified of his removal via an email from the White House, according to a report from the Associated Press.During Chopras tenure, which began in 2021, the CFPB took an aggressive approach to regulating tech companies and financial institutions. The CFPB most recently proposed limiting data brokers ability to sell personal data in the US. It sued major US banks for widespread fraud on Zelle and also issued a rule that would put digital payment services like Apple Pay, Google Wallet, and PayPal under bank-like supervision something its now facing a lawsuit over.It's been an honor serving as your @CFPB Director.Every day, Americans from across the country shared their ideas and experiences with us. You helped us hold powerful companies & their executives accountable for breaking the law, and you made our work better.Thank you. pic.twitter.com/JD7lIcwmHa Rohit Chopra (@chopracfpb) February 1, 2025Trump was widely expected to fire Chopra before the directors term came to an end in October 2026. With so much power concentrated in the hands of a few, agencies like the CFPB have never been more critical,Chopra wrote in his letter. Weve led efforts across the government to stop the scourge of junk fees in banking and across sectors of the economy, to tame the harmful impacts of medical bills riddled with errors, and to limit the creep of surveillance by data brokers that puts our sensitive data in the hands of foreign adversaries.Since taking office last month, Trump has pushed out many of the officials appointed by the Biden administration, replacing them with his own allies. Elon Musk, who is leading the governments efforts to cut spending, said the US should delete the CFPB last year.Senator Elizabeth Warren (D-MA) responded to Chopras departure by saying Trump will need a strong CFPB and a strong CFPB director to achieve goals of capping credit card interest rates and lowering costs. If President Trump and Republicans decide to cower to Wall Street billionaires and destroy the agency, they will have a fight on their hands, Warren said.