Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work. Updated February 4, 2025 10:28 AM ET Originally published February 3, 2025 1:40 PM ET. Laurel Wamsley ...

“I look forward to working with the CFPB to advance President Trump’s agenda to lower costs for the American people and accelerate economic growth,” Bessent said in a statement after Trump ...

Bessent directed CFPB staff to stop all rulemaking and suspend the effective dates of rules that haven’t gone into effect yet, in an email to agency staff on Monday obtained by POLITICO.

It’s a strong first step toward reorienting the CFPB to serve its stated mission. Bessent should continue to make haste undoing the disastrous 11th-hour regulations and lawsuits issued under Chopra.

Bessent, a wealthy hedge fund manager, was already expected to be a business-friendly choice to lead the Treasury. Now he will lead the CFPB, the federal consumer watchdog, at least for a time.

Treasury Secretary Scott Bessent, who was named acting director of the Consumer Financial Protection Bureau, has directed the agency's staff to halt all rules and enforcement actions. Within an hour ...

Bessent, who was confirmed as Treasury Secretary last week, took over as Acting CFPB Director on Monday after President Donald Trump fired Director Rohit Chopra.

Treasury Secretary Scott Bessent will serve as the acting director of the Consumer Financial Protection Bureau (CFPB), the agency announced on Monday. "I look forward to working with the CFPB to ...

But according to Jeff Ehrlich, a former CFPB deputy enforcement director, the pause in activities ordered by Bessent is not that big of a deal. “This has happened with every change of ...

It is not immediately clear what Secretary Bessent’s priorities will be as acting head of the CFPB. However, it seems he could pursue an agenda that may, at times, clash with traditional ...

President Donald Trump appointed Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau, Bessent announced Monday in a CFPB statement. Stream NBC 5 for ...