Rohit Chopra of CFPB expected Trump to dismiss him right away, but he clings

Rohit Chopra, director of the Consumer Financial Protection Office, should be dismissed shortly after President Trump’s start. More than a week later, he remains in his work – a source of perplexity among his allies and his frustration for those who want to see him disappear.

“I took an oath to a five -year term, and I will continue to serve this until I can pass the stick to someone else,” said Mr. Chopra, who was appointed in 2021 by President Joseph R. Biden Jr. Interview this week. “I respect and that I totally understand that the president can choose a director of his choice.”

Thursday, the agency announced its first action in application since the inauguration of Mr. Trump: he ordered a money issuer to Wise, to pay a fine of $ 2 million for violations, especially inaccurate rates And not having expressed reimbursements in a timely time. A wise spokesperson said that the problems had been widely resolved in 2022, shortly after the consumer office discovered them during an exam. The company paid $ 450,000 to the customers concerned.

“Although Wise is strongly disagreed with the CFPB characterization of Wise’s conduct, we worked with the CFPB in good faith to conclude the question,” she said.

Republicans, banking groups and other criticisms openly requested the withdrawal of Mr. Chopra, whose mandate took place at the end of 2026.

Senator Tim Scott de Caroline du Sud, president of the senatorial banking committee, told journalists on Tuesday that he planned a “successful announcement very soon” of who will take up the consumer office. For weeks, Mr. Scott called for the resignation of Mr. Chopra, who, according to him, is “no consumer ally”.