While Chopra was a "protege" of Elizabeth Warren and focused on curbing what he saw as abusive banking practices, Vought’s leadership marks a "deregulatory push" aimed at "right-sizing" or even shuttering the bureau.
CFPB Settles First Action Under New Leadership - Mayer Brown CFPB’s New Director is No Fan of Banks
Unlike his predecessor, Rohit Chopra—who was often described as "no fan of banks" due to his aggressive enforcement and "regulatory assaults" on financial institutions—Vought represents a different kind of opposition. His stance is not one of aggressive oversight, but of fundamental opposition to the agency's very existence. A New Philosophy of Opposition While Chopra was a "protege" of Elizabeth Warren
The phrase "CFPB’s New Director is No Fan of Banks" highlights a significant shift in leadership and philosophy at the Consumer Financial Protection Bureau (CFPB) . As of April 2026, the current , who also serves as the Director of the Office of Management and Budget. A New Philosophy of Opposition The phrase "CFPB’s