Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), on Saturday announced his departure from the agency, which has faced criticism from Republicans and others over claims of regulatory overreach, along with constitutional challenges to its existence.
Chopra made the announcement in a letter to President Donald Trump that he also shared on social media on Feb. 1.
“I hope that the CFPB will continue to be a pillar of restoring and advancing economic liberty in America, and I wish you good luck in serving our great country,” wrote Chopra, an appointee of President Joe Biden who championed a robust CFPB to tackle financial industry excesses and shield consumers from predatory practices….