Trump fires Rohit Chopra, director of the Consumer Financial Protection Bureau

President Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden Administrator holdover.

Chopra was one of the more important regulators from the previous Democratic administration who was still on the job since Mr. Trump took office on Jan. 20. In a letter to the president shared on social media, Chopra said it was an "extraordinary privilege" to serve as director of the CFPB.

"With so much power concentrated in the hands of a few, agencies like the CFPB have never been more critical," he wrote. "I'm proud that the CFPB has done so much to restore the rule of law."