<h1>Trump Fires CFPB Director, Sparking Debate Over Consumer Protection vs. Deregulation; Industry Criticized Regulatory Overreach</h1> President Donald Trump has dismissed the director of the Consumer Financial Protection Bureau (CFPB), a holdover from the Biden administration. The director, known for implementing consumer-friendly policies such as removing medical debt from credit reports and limiting overdraft penalties, faced criticism from the financial industry for perceived regulatory overreach. His firing highlights tensions between Trump's deregulatory agenda and consumer protection efforts. The CFPB, established post-2008 financial crisis to oversee consumer finance, has been a point of contention, particularly among Republicans. The director's removal has sparked reactions from political figures advocating for consumer rights.