President Donald Trump has dismissed the head of the Consumer Financial Protection Bureau (CFPB), a holdover from the Biden administration, as part of his broader effort to reshape the federal government.
This move highlights Trump’s aggressive stance against Biden-era policies and appointees.
The CFPB, created under the Dodd-Frank Act by President Obama, has been a contentious issue between conservatives and liberals.
While Democrats defend it as a necessary consumer protection agency, Republicans view it as an overbearing regulator hindering economic growth.
Trump’s decision to remove the CFPB director signals a shift toward deregulation and a pro-business agenda.