Rohit Chopra

A district court judge has temporarily blocked many of the administration's actions to dismantle the CFPB, but also recently wrote the agency is, quote, hanging by a thread.

Rohit Chopra was fired from his role leading the CFPB early in Trump's current term.

He says the agency's purpose is to protect people's pocketbooks.

The Bureau's acting director, Russell Vogt, has argued that staff have unfairly punished small lenders and financial institutions.

Stephen Basaha, NPR News.

You know, in some ways it was pretty clarifying that we have big issues that we're going to have to deal with, including agencies that this administration may want to destroy and defund.

You know, in some ways it was pretty clarifying that we have big issues that we're going to have to deal with, including agencies that this administration may want to destroy and defund.

Yeah, I think that when you really boil it down, what you see is that most of the things that the CFPB works on are not particularly sexy in some ways. Or your medical bills that are shown up on your credit reports, you know, the fees that you're paying on your bank account.

Yeah, I think that when you really boil it down, what you see is that most of the things that the CFPB works on are not particularly sexy in some ways. Or your medical bills that are shown up on your credit reports, you know, the fees that you're paying on your bank account.

uh how much you're paying for a mortgage or auto loan and really what we did in these past few years was prosecute some of the biggest corporations in the country for cheating people repeatedly so obviously the cfpb's work is pretty popular it doesn't matter you know what your political affiliation is The only place it is unpopular is with lobbyists and politicians in Washington.

uh how much you're paying for a mortgage or auto loan and really what we did in these past few years was prosecute some of the biggest corporations in the country for cheating people repeatedly so obviously the cfpb's work is pretty popular it doesn't matter you know what your political affiliation is The only place it is unpopular is with lobbyists and politicians in Washington.

And it seems pretty obvious to me that big tech giants who are increasingly entering banking and payments do not want anyone looking under the hood and do not want to follow the laws of our land. So I think that's really the big question is – Are we in a moment where they are going to defund the police over Wall Street and Silicon Valley?

And it seems pretty obvious to me that big tech giants who are increasingly entering banking and payments do not want anyone looking under the hood and do not want to follow the laws of our land. So I think that's really the big question is – Are we in a moment where they are going to defund the police over Wall Street and Silicon Valley?

Or are they actually going to stand up for people and lower their costs? And I think it's looking more and more like the people are going to get the short end of the stick on this.

Or are they actually going to stand up for people and lower their costs? And I think it's looking more and more like the people are going to get the short end of the stick on this.

Yeah, that would be a big wet kiss to a lot of the defendants who want to get off scot-free. There is active courtroom battles right now on many of the cases we have filed. We sued JPMorgan Chase, Wells Fargo, Bank of America for their role in fraud on Zelle. We've sued the nation's biggest pawn lender for cheating military families,

Yeah, that would be a big wet kiss to a lot of the defendants who want to get off scot-free. There is active courtroom battles right now on many of the cases we have filed. We sued JPMorgan Chase, Wells Fargo, Bank of America for their role in fraud on Zelle. We've sued the nation's biggest pawn lender for cheating military families,

We've sued one of the nation's biggest subprime auto lenders for their misdeeds. And the list really goes on and on. There's also advanced investigations against big Wall Street firms and big tech firms that that means that that will just stop. And it means that we will not be able to get justice and money for the people who have been harmed by that.

We've sued one of the nation's biggest subprime auto lenders for their misdeeds. And the list really goes on and on. There's also advanced investigations against big Wall Street firms and big tech firms that that means that that will just stop. And it means that we will not be able to get justice and money for the people who have been harmed by that.

I have no clue. I mean, it's all a mystery as to what would happen. But ultimately, I think you'll see a Senate confirmation process. I've been through two of them. They're hard. And I think you will see a lot of questions as to whether or not the law enforcement mission of the CFPB is going to actually, actually be fulfilled.