The U.S. House Committee on Financial Services convened on June 27, 2025, to discuss the Consumer Financial Protection Bureau (CFPB) and its recent actions under the leadership of Director Rohit Chopra. The meeting highlighted significant tensions between committee members regarding the CFPB's role in consumer protection and the Trump administration's previous efforts to undermine the agency.

During the session, a member of the committee criticized the Trump administration for its decision to sue federal judges in Maryland rather than appeal their rulings. This member expressed concerns about what they described as an "out of control" administration that threatens democratic principles. They emphasized the need to prevent authoritarianism from taking root in American governance.

In contrast, another committee member defended the CFPB's actions under former director Kathy Kraninger, noting that the agency returned $21 billion to harmed consumers. They accused the Trump administration of neglecting consumer protection and called for accountability regarding efforts to diminish the CFPB's workforce and authority.

The meeting also featured witness testimony from James Kim, a partner at Cooley LLP, and Jennifer Bassett, CEO of Pacific Rim Alliance Corporation. Kim, who has experience as a senior enforcement attorney at the CFPB, was expected to provide insights into compliance with consumer financial laws.

Overall, the discussions underscored the ongoing partisan divide over the CFPB's mission and the broader implications for consumer protection in the financial sector. The committee's focus on these issues reflects a continued commitment to scrutinizing the CFPB's operations and the impact of political leadership on consumer advocacy.