WASHINGTON, DC - DECEMBER 11: Sen. Tim Scott (R-SC) speaks before Consumer Financial Protection Bureau (CFPB) director Rohit Chopra testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill on December 11, 2024 in Washington, DC. The powerful financial watchdog agency is facing an uncertain future, with renewed Republican efforts to weaken the agency under a second Trump administration. The CFPB, established in 2010 through the Dodd-Frank Wall Street reform law to combat financial system abuses, has long been a target of conservative criticism. (Kent Nishimura/Getty Images)