just three days after trump was sworn in, the wall street journal openly asked why is rohit chopra still employed at the cfpb? end quote. financial trade publications followed suit, questioning why chopra remained in office. president trump and his republican allies in congress now have the mechanisms to overturn some of these widely popular regulations that were brought in using the congressional review act, which allows congress to nullify new agency rules that have been finalized within the last 60 congressional working days. so some of chopra's newer reforms, reforms that directly affect the financial health of americans, could be on the chopping block, like potentially the cfpb's new rule that limits bank overdraft fees to $5. the measure is projected to save how projected to save households an estimated $5 billion annually. or the cfpb's action to remove medical debt from credit reports, a rule finalized just days before biden left office. medical debt is notoriously rife with errors, with cfpb research finding that more than 4 in 10 people with medical debt have received an inaccu

the former head, rohit chopra spearheaded controversial lawsuits and moves, including establishing rulesit overdraft and late fees that banks collect from consumers. the consumer watchdog agency was created after the 2008 financial crisis to help protect consumers and hold banks and wall street more accountable. >> usaid headquarters in washington, dc are closed today after president donald trump's department of government efficiency took aim at the agency over the weekend. this morning, secretary of state marco rubio announced he is taking the helm as acting administrator of the agency. fox's caroline shively has details from washington. >> elon musk says he's shutting down the world's largest provider of food assistance, with president trump's blessing. >> i actually checked with him a few times, said, are you sure? i'm like, yes. and so we're shutting it down. >> the u.s. agency for international development, or usaid, manages tens of billions of dollars a year in humanitarian assistance distributed abroad. >> it's been run by a bunch of radical lunatics, and we're getting them out. >

rohit chopra, the director of the consumer financial protection bureau, cutting short his five year termto social media announcing his departure, chopra addressed the american people, saying, quote, you helped us hold powerful companies and their executives accountable for breaking the law. and you make our work better. with so much power concentrated in the hands of a few agencies like the cfpb, have never been more critical. end quote, since his appointment to chair the cfpb in 2021, chopra has been a relentless enforcer of consumer protection laws, earning a reputation as a thorn on the side of wall street. under his watch, predatory banking practices were reined in and major financial institutions were forced to slash overdraft fees. in 2022, chopra ordered wells fargo to pay $2 billion in restitution after the bank improperly seized borrowers cars and homes as part of the biden administration's crackdown on junk fees. chopra also introduced a rule capping most credit card late fees at $8 a month. banking industry groups sued to block the rule, and a court temporarily blocked its enf

bureau after firing former head rohit chopra.e weekend. >> the washington post reports. >> that bessent sent an email to agency. staff ordering them to cease all work pending a review, citing a. >> need to, quote. >> promote consistency with the goals of the new administration. philadelphia officials say 24 people on the. >> ground were hurt. >> after a medical. >> jet crashed. >> friday night. >> shortly after takeoff. >> the six people. >> on board were killed. the investigation. >> into the crash. >> is ongoing. >> transportation secretary sean duffy. says federal agencies will look at whether. >> as a possible factor. >> as well as potential technical or mechanical issues. and homeland security director kristi noem visited new. >> orleans today. >> ahead of. >> sunday's super bowl game between the philadelphia eagles and the kansas city chiefs. she says there are no known threats to the game. security in new orleans is heightened following last month's. terrorist attack on the city's iconic bourbon street. kelly, back. >> ove

. >> on saturday, the white house fired the head of the consumer financial protection bureau, rohit chopraired yet seemed to come as a shock to everyone, including chopra himself. here's what he told us back on january 24th, when we asked if he was surprised to still have his job. >> i am ready. to pass the baton whenever someone is identified, and i'm working hard to set them. >> up for success. >> the cfpb. >> was largely expected to be a target for the doj's department's cuts. elon musk has openly pushed for that bureau to be abolished. >> meantime, president trump's tariffs against mexico and canada. they're going to have a deep impact on the auto industry and also potentially future car buyers. so we wanted to get to our automobile expert. phil lebeau is with us this morning who's been going through all of this over the weekend. lots of different impacts. and i'm so curious what folks in detroit are talking about right now, phil. >> they're talking about how they can limit the impact of these tariffs, not only in terms of finished automobiles, but also with auto parts. and we'll talk