Washington, D.C. — The Consumer Federation of America released the following statement in response to the dismissal of Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB).

“Under Director Rohit Chopra, the CFPB prioritized our pocketbooks over corporate profits,” said Adam Rust, director of financial services for the Consumer Federation of America. “Since he began in his role in September 2021, the CFPB has fought against junk fees, repeat offenders, big tech evasions, and corporate deception. It has championed competition, transparency, accountability, and consumer financial health. The agency applied its enforcement authority to address substantially harmful and widely occurring practices at the largest financial institutions, and through the lens of its supervisory authority, connected the dots to reveal how risky financial products can cause financial peril for working people. He leaves behind an impressive record of rules and guidances that reflect an agency that fulfilled its mission to protect consumers.”