Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), appeared before the Senate Committee on Banking, Housing, and Urban Affairs for a hearing titled “Consumer Protection: Protecting Workers’ Money and Fighting for the Dignity of Work.” The session addressed topics such as mortgage issues, medical debt, credit card rate caps, and student loans.

Ranking Member Tim Scott (R-SC), along with Senators Thom Tillis (R-NC) and Katie Britt (R-AL), advocated for reforms within the CFPB. Senator Britt criticized "regulation by blog post" and emphasized that reforming the CFPB "should be an immediate priority of the next Congress." Additionally, Senator Mike Rounds (R-SD) indicated his intention to scrutinize which rules would fall under the Congressional Review Act in the upcoming 119th Congress.

The recent legal agreement between the CFPB and major credit repair companies was also discussed. Senators Tina Smith (D-MN), Mark Warner (D-VA), and Chris Van Hollen (D-MD) commended the CFPB's efforts against credit repair practices. A bill supported by AFSA aims to further protect consumers from predatory credit repair companies.

This hearing is expected to be Director Chopra’s last appearance before Congress during this session. He has not disclosed any plans to resign before President-elect Trump assumes office but acknowledged to Ranking Member Scott that although he was confirmed for a five-year term, "the president can remove us at any time, any day."