Trump names Treasury Secretary Scott Bessent acting director of CFPB, as former head Chopra confirms he is out
President Donald Trump appointed Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau, Bessent announced in a CFPB statement. Former Director Rohit Chopra posted a letter to Trump on social media platform X confirming that his term at the agency had "concluded.
Treasury Secretary Scott Bessent Appointed as Acting CFPB Director
On January 31, 2025, the CFPB announced President Donald Trump had appointed Scott Bessent as Acting Director of the CFPB. In a brief statement, Bessent expressed his commitment to advancing the administration’s agenda to lower costs for Americans and accelerate economic growth.
Trump names Treasury Secretary Scott Bessent as acting director of the Consumer Financial Protection Bureau
President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer Financial Protection Bureau, the agency said Monday.
CFPB halts work after Trump appoints Bessent as acting head
The Consumer Financial Protection Bureau is a consumer watchdog agency formed in the wake of the 2008 financial crisis. Elon Musk wants to “delete” it.
Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
The staff at the Consumer Financial Protection Bureau was instructed by email to cease much of its work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.
Trump appoints the Treasury secretary, a former hedge fund executive, as acting head of consumer protection agency
In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau.
Will Trump Axe the CFPB? What Consumers Should Know
Time will tell what Trump has in store for the CFPB. For now, consumers can still access the bureau’s many educational ...
Musk's DOGE Descends on CFPB With Eyes on Shutting It Down
Elon Musk’s Department of Government Efficiency has embedded itself inside the Consumer Financial Protection Bureau, the ...
JD Supra1d
CFPB Director Chopra Replaced—Replacement Immediately Stops Work on All CFPB Initiatives, Including Oral Argument Scheduled for the Same Morning
President Donald Trump terminated Rohit Chopra’s tenure as the Director of the Consumer Financial Protection Bureau (CFPB).
American Banker3h
CFPB agrees to temporarily halt medical debt rule
The Consumer Financial Protection Bureau, now led by Treasury Secretary Scott Bessent, agreed to temporarily halt enforcement ...
Trump removes Rohit Chopra as director of CFPB
The change in leadership could portend radical changes at one of the nation’s most powerful consumer watchdog agencies.
CFPB's General Counsel Who Pushed Muscular Agency Set to Depart
Seth Frotman, the top lawyer at the Consumer Financial Protection Bureau, is set to depart after leading the agency through a ...
JD Supra7h
New Administration Outlook: What Does the CFPB "Freeze" Mean for Regulations and Pending Litigation?
Treasury Secretary Scott Bessent, who is currently serving as the acting director of the Consumer Financial Protection Bureau (CFPB), emailed staff ...
Fierce Healthcare1d
Consumer Financial Protection Bureau shake-up leaves medical debt reform in limbo
The fate of a Biden-era rule that would keep medical debt from consumers’ credit reports is up in the air amid reported ...
Chopra’s CFPB exit comes as lawmakers mull changes to its structure
The departure of the CFPB director comes as congressional Republicans look at changes to the agency and Democrats defend it.