President Donald Trump has dismissed the CFPB director, a Biden-era holdover, as part of his push to reshape the federal government. The CFPB, created under Obama’s Dodd-Frank Act, has long been a point of contention. Democrats defend it as essential for consumer protection, while Republicans see it as overregulation. Trump’s move signals a shift toward deregulation and a pro-business agenda, sparking debate over the agency’s independence. Supporters argue for leadership favoring economic growth, while critics warn of weakened consumer protections. The Senate confirmation of a new CFPB head is expected to face Democratic opposition, with financial and consumer groups closely watching for regulatory changes.