Responding to the appoointment Secretary Bessent said “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”.
Scott Bessent appointed CFPB acting director
President Trump designated the Secretary of the Treasury as the head of the agency following the resignation of Director Rohit Chopra.
CFPB targets overdraft loans at large institutions as Biden weighs in
Proposed rule would require large financial institutions to treat overdraft loans like credit cards and supply clear disclosures.
CFPB orders supervision of Google Payment Corp, Google sues
The agency has moved to scrutinize Google Pay’s books over allegedly deficient fraud responses, but the company has challenged that decision.
CFPB sues Capital One for withholding $2 billion in potential savings account interest
The agency has accused the bank of underpaying savings account interest and misleading customers.
CFPB withstands constitutional challenge in Supreme Court
The justices rejected an argument that imperiled the CFPB, with a decision that protects people from unlawful financial services practices.