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Trump fires CFPB head Rohit Chopra / The CFPB took aggressive action against tech companies and financial institutions during Chopra’s tenure.
Elon Musk previously said the US should “delete” the CFPB.
It sued major US banks for “widespread fraud” on Zelle and also issued a rule that would put digital payment services like Apple Pay, Google Wallet, and PayPal under bank-like supervision — something it’s now facing a lawsuit over. “If President Trump and Republicans decide to cower to Wall Street billionaires and destroy the agency, they will have a fight on their hands,” Warren said. A weekly newsletter by David Pierce designed to tell you everything you need to download, watch, read, listen to, and explore that fits in The Verge’s universe.
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