Rohit Chopra Out, Scott Bessent In (Temporarily) at the CFPB
In a familiar move, President Donald Trump has designated the current head of another executive agency, this time newly sworn in Secretary of the Department of the Treasury Scott Bessent to simultaneously lead the Consumer Financial Protection Bureau (CFPB) in an acting capacity.
President Donald Trump designated Treasury Secretary Scott Bessent as the bureau’s acting chief, according to a statement ...
In one of the final reports by the CFPB issued under Rohit Chopra’s regime, the bureau outlines how state-level regulators can better protect consumers.
But the agency has since been targeted by trade groups who unsuccessfully argued that the CFPB's funding violated the U.S.
Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy ...
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