"Bloomberg called the PSLC's choice for Chopra to lead the group an aggressive stance since Chopra, who was appointed in 2021 by former President Joe Biden to serve as the CFPB's director, was a central target of criticism due to his strict regulatory approach under that administration. During his tenure at the agency, Chopra built a reputation for identifying little-used federal powers to expand the bureau's reach, an approach that often led to accusations against him and the agency for overstepping their powers."
"After dismissing Chopra, Trump appointed Treasury Secretary Scott Bessent as acting director, who immediately instructed staff to stop working. Trump replaced Bessent a week later with Russell Vought and later nominated Jonathan McKernan to lead the bureau. McKernan was never confirmed and instead won Senate approval in October to serve as the undersecretary for domestic finance at the U.S. Department of the Treasury."
The group advocates for progressive policies that promote justice, fairness, and equity. Chopra will work with state attorneys general to craft and promote policies that make life more affordable for Americans, protect people's personal data, and defend consumers from online abuses. Chopra was dismissed from the CFPB in February 2025. Bloomberg described the PSLC's selection of Chopra as an aggressive stance given his 2021 appointment by President Joe Biden and his reputation for a strict regulatory approach. During his tenure, Chopra used little-used federal powers to expand the bureau's reach, prompting accusations of overstepping. The CFPB's operations and funding face major uncertainty under the second Trump administration.
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