Washington DC, Feb. 1 -- United States' Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra was fired on Saturday, cutting short his five-year term that was set to run through late 2026, The New York Times reported.

Chopra, who had been leading the CFPB since 2021, expressed gratitude for his tenure, highlighting the agency's efforts to hold financial institutions accountable and protect consumers.

The CFPB is a unit of the Federal Reserve System charged with protecting families and honest businesses from illegal practices by financial institutions, and ensuring that markets for consumer financial products and services are fair, transparent, and competitive.

Sharing a post on X, Chopra wrote, "It's been an honour serving ...