Why DOGE is killing the agency that keeps banks from ripping you off
1 min read
Summary
On The Decoder, a podcast from The Verge, today is the first part of a two-part conversation with Rohit Chopra, who was the director of the Consumer Financial Protection Bureau (CFPB) until he was fired by President Trump.
When the agency was created in the wake of the 2008 financial crash, its role was to protect consumers from predatory lending practices and limit fees on credit cards, among other duties.
Since leaving the CFPB, Chopra has become a member of the Board of Governors of the Federal Reserve.
He and The Verge transport writer Ashley Carman talk about the future of financial regulation, the clash between the two main factions of the Trump coalition, and who is really running the country — and who is actually accountable to the voters.