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.

The Consumer Financial Protection Bureau (CFPB) announced on Monday that Scott Bessent, the recently appointed secretary for the U.S. Department of the Treasury, will also serve as acting director ...

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.

Contending that he wants to ensure that the CFPB is in line with Trump Administration policies, acting bureau Director Scott Bessent has reportedly ordered the agency to stop virtually all work.

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 ...

According to sources, Bessent is not in charge of day-to-day operations at CFPB; that responsibility has fallen to his chief of staff Dan Katz, a former Goldman Sachs associate who served as a ...

Rather than support financial firms through enforcement resources, the CFPB under Chopra chose to demonize American banks and technology companies as responsible for the mistakes of consumers.

U.S. Treasury Secretary Scott Bessent asked Republicans in Congress to remove a tax proposal that targets foreign investors from their sweeping budget legislation, as lawmakers struggled to find a ...

"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 the statement Monday.