Treasury Secretary Bessent Takes Helm of Consumer Finance Watchdog, Orders Halt to Work
- Treasury Secretary Scott Bessent has been appointed as acting director of the Consumer Financial Protection Bureau after Rohit Chopra was fired on Saturday.
- An internal email instructed staff to halt much of the Bureau's work, including rulemaking and enforcement actions.
- Bessent stated he looks forward to working with the CFPB to advance President Trump's agenda to lower costs for Americans.
- Chopra, who led the Bureau since 2021, emphasized the agency's role in returning over $20 billion to consumers.
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Coverage Details
Total News Sources0
Leaning Left13Leaning Right4Center13Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
44% Center
L 43%
C 44%
13%
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