“President Trump’s decision to fire CFPB Director Rohit Chopra marks the end of an era of strong consumer protection and the beginning of a plan to end this important agency,” Maxine Waters, the top Democrat on the House Financial Services Committee, said in a statement.

Chopra, a Sen. Elizabeth Warren protege, was a surprising holdover from the Biden administration, given that many appointees resigned as Trump entered office.

Rohit Chopra was one of the more important regulators from the previous Democratic administration who was still on the job since President Trump took office on Jan. 20.