Why DOGE is killing the agency that keeps banks from ripping you off

Rohit Chopra, former director of the CFPB, was fired by President Trump and faces challenges from Elon Musk’s DOGE in dismantling the agency, which was created after the 2008 financial crisis to protect consumers. The agency, popular for its role in preventing predatory lending and financial fraud, is now under scrutiny as questions arise about the legality of its shutdown and the balance of power between different factions within the Trump coalition. Chopra’s uncertainty about the decision-making process and concerns about the agency’s absence highlight potential risks in the financial sector.

Full Article