President Trump has tapped Treasury Secretary Scott Bessent as the acting chief of the Consumer Financial Protection Bureau (CFPB). “I look forward to working with the CFPB to advance President ...
The bureau's now-former director, widely expected to be fired — arguably earlier — by the Trump administration “has concluded ...
The president has named Treasury Secretary Scott Bessent to run the Consumer Financial Protection Bureau on an acting basis after firing CFPB Director Rohit Chopra over the weekend.
Rohit Chopra had led the Consumer Financial Protection Bureau since 2021. Consumer groups praised his leadership, while Republicans have frequently attacked the agency.
Rohit Chopra returned over $6 billion into the pockets of everyday people during his tenure as head of the CFPB.
Rohit Chopra departs CFPB after pushing regulations that limited overdraft fees and banned medical debt from credit reports.
The bureau is operating illegally, and lawsuits will close it down eventually. Trump can act now.