Warren protege hangs on as bank regulator despite Trump entering office

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President Donald Trump has been in office for five days now and has yet to fire Consumer Financial Protection Bureau Director Rohit Chopra amid calls from Wall Street for a shake-up.

Chopra, 42, is a seemingly surprising person from the Biden administration to keep his job for so long. Republicans have long been opponents of the CFPB as an agency, seeing it as partisan, and many in the party have strongly criticized him. During Trump’s first term, his administration notably scaled down enforcement by the CFPB, which oversees credit cards, mortgages, payday loans, and many other financial products used by households.

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