Statement by Senator Elizabeth Warren on Consumer Financial Protection Bureau Director Rohit Chopra
Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee released the following statement on President Trump’s firing of the Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra.
Under Rohit Chopra’s leadership, the CFPB is holding Wall Street accountable for cheating hard-working families and preventing the de-banking of Americans across the country, including consumers locked out of the financial system due to overdraft fees, religious organizations, and conservatives. The agency has returned over $20 billion to consumers since its founding – protecting Americans from junk fees, medical debt, and predatory lending. President Trump campaigned on capping credit card interest rates at 10% and lowering costs for Americans. He needs a strong CFPB and a strong CFPB Director to do that. But if President Trump and Republicans decide to cower to Wall Street billionaires and destroy the agency, they will have a fight on their hands.
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