The U.S. House Committee on Financial Services convened on June 27, 2025, to discuss the evolving role of the Consumer Financial Protection Bureau (CFPB) under the leadership of Rohit Chopra. The meeting focused on concerns regarding the agency's shift from its original mission of consumer protection to what some members described as a potential alignment with financial institutions.

The session began with a strong emphasis on the CFPB's foundational purpose, which is to safeguard consumers in the financial sector. Several committee members expressed alarm over the perception that the agency may be prioritizing the interests of financial institutions over those of consumers. One member articulated that the CFPB should not become a protector of financial institutions against consumers, highlighting a growing concern that the agency's actions could undermine its original mandate.

As discussions progressed, members voiced their disbelief at the current trajectory of the CFPB, suggesting that the agency's recent initiatives could lead to a reversal of its consumer-focused policies. The meeting concluded with a call to action, urging the committee to remain vigilant in ensuring that the CFPB adheres to its core mission of consumer advocacy.

Overall, the meeting underscored a critical examination of the CFPB's direction under Chopra, with committee members advocating for a renewed commitment to protecting consumers in the financial landscape. The committee plans to continue monitoring the agency's activities and will seek to address any perceived shifts away from its foundational goals in future sessions.