January 24, 2025: Donald Trump presidency news
Many of President Donald Trump’s straight-out-of-the-gate regulatory moves were right on script: Less red tape for fossil fuels, pausing wind turbine leases and more help for crypto.
One plot twist: Trump has not (yet) pushed out Rohit Chopra, a protégé of Elizabeth Warren and the consumer watchdog the banking industry loves to hate for his crackdowns on overdraft fees, Zelle fraud and countless other issues.
Five days into Trump’s second term, Chopra remains at the helm of the Consumer Financial Protection Bureau – much to the dismay of The Wall Street Journal editorial page, which warns he poses a threat to the Trump agenda.
No one is more surprised than Chopra, who had already packed up his office, a person familiar with the matter told CNN.
The White House did not respond to requests for comment.
In a note to clients, TD Cowen analyst Jaret Seiberg said the fact Chopra is still in power is “our biggest surprise” of Trump’s first week, adding that he still expects Trump to remove him soon.
For his part, Chopra is making clear there are areas of overlap between the CFPB’s agenda and that of Trump.
Chopra noted to CNN that Trump has expressed interest in capping credit card rates, adding that CFPB would be well positioned to inform that debate by providing data and research.
