Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks as President Joe Biden meets with his Competition Council to announce new actions to lower costs for families on March 5, 2024. The CFPB said Thursday July 18, 2024 that apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and should be subject to the Truth in Lending Act. (Credit: Andrew Harnik/AP)
President Trump fired Rohit Chopra, the Director of the Consumer Financial Protection Bureau on Saturday.
Rohit Chopra received an email Saturday morning informing him that he had been terminated, CNN reported.
On Saturday Chopra announced he was leaving the post.
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, 2025
Rohit Chopra was a toxic Biden holdover who previously threatened banks that refused to give credit lines and loans to illegal aliens.
The Consumer Financial Protection Bureau (CFPB) and the DOJ warned banks and lending institutions in a joint statement in October 2023.
“The Consumer Financial Protection Bureau (CFPB) and Justice Department today issued a joint statement that reminds financial institutions that all credit applicants are protected from discrimination on the basis of their national origin, race, and other characteristics covered by the Equal Credit Opportunity Act, regardless of their immigration status,” the CFPB said in a statement.
“The CFPB and Justice Department are issuing this statement because consumers have reported being rejected for credit cards as well as for auto, student, personal, and equipment loans because of their immigration status, even when they have strong credit histories and ties to the United States and are otherwise qualified to receive the loans.” they said.
“Fair access to credit is crucially important for building wealth and strengthening household financial stability,” said CFPB Director Rohit Chopra. “The CFPB will not allow companies to use immigration status as an excuse for illegal discrimination.”
The DOJ’s Civil Rights Division Assistant Attorney General Kristen Clarke warned banks that they may be violating federal law if they don’t give illegal aliens loans. (Read more: Gateway Pundit, 2/1/2025) (Archive)