Rohit Chopra

I wonder if any foreign money gets in there.

Well, Rohit Chopra, Biden's Consumer Bureau chief, signed on in December 2025 to lead the progressive group here, the working group.

Jen Fogle Bublik, the Democrat Attorney General's Association deputy director in January 2020, was then Norm Eisen's chief operating officer at States United Democracy Center.

Oh, my God.

While the CFPB was originally proposed by Elizabeth Warren in 2007, she was removed from consideration as its director by the Obama administration and has never headed it up.

Its current director is Rohit Chopra, and I don't know if Mark struggles with face blindness or something like that, but it's not easy to mix the two of them up.

Rohit is a 42 year old man of Indian descent and Elizabeth is a 75 year old woman of… well it doesn't matter, it's hard to mix them up is what I'm really trying to say.

Now the audio seems to be a bit off in this section.

And I will say the other thing about this that drives me absolutely out of my mind is...

During previous eras of the CFPB in particular, and especially under the Biden administration and Rohit Chopra, banks just lost their shit constantly about the CFPB sort of regulating via press release.

or regulating via grandstanding or these political statements, right? They would criticize Rohit Chopra for essentially trying to bully the industry into doing things that were not in the law, that were not illegal, and that were not even represented in regulation that had gone through the appropriate Administrative Procedures Act with notice and comment periods and all that kind of stuff.

Yeah.

All very fair critiques.

We are bullying the industry into not doing things that we don't like.

Because we can, even though there's no substantive legal argument.

And in fact, I would argue that what the Trump administration is doing with the DOJ and with HUD and with the CFPB and all these different agencies is, in fact, much more targeted and much more aggressive than anything that Rohit Chopra or the CFPB did under Biden.

...

when I was an FTC commissioner, and we looked at lawbreaking, one of the things that we really did, and Rohit Chopra pioneered this, Chair Lina Khan really brought it forward, was saying we have to change the calculus so that violating the law is not profitable.

Uh, in contract law, there's a theory of, uh, called efficient breach, where it's maybe more profitable to violate your contract than it is to follow it, and it allows that to happen.

We have efficient law violation and efficient-

You know, I thought we would see way more of it.

I mean, if you remember when Rohit Chopra, you know, was obviously, it was like the second day of Trump's presidency let go.

I mean, he famously, you know, gave the, took the roadmap, like all the stuff he had been working on, these data-based cases, essentially, That we're starting to show, according to him and others, data that, you know, lenders are being, people are being steered into these lending relationships and into loans with higher rates and fees.

And, you know, and there was these 22 blue states that Chopra was working with and, you know, in March of 2025 and nothing has been done.

So in the book, I talk a lot about, um, a concept called drip pricing, which has become more popularly known in places like Washington, DC, as, as junk fees.

This was something that Rohit Chopra, who headed up the Consumer Financial Protection Bureau, I think coined and gained some popularity.

But this is the idea, drip pricing is sort of a standard pricing trick where the company lures you in with the upfront initial low price.

You are human, and your brain anchors in on that initial low price.

And then I transferred to Mulvaney and then Cathy.

And then after Kathy came Dave Weijio temporarily and then Rohit Chopra.

And then we had Scott Besson for 10 seconds.

And I caught the

But other than that, there hasn't been a lot.

They're overdue on some of these rules.

And that's after Rohit Chopra, which was an incredibly aggressive...

You know, there was a period of time between the election and inauguration where he announced the regulatory action – I mean, an enforcement action almost every day.