Scott Bessent, who was confirmed as Treasury Secretary last week, has been named acting director of the Consumer Financial Protection Bureau. Bessent replaces Rohit Chopra, who was fired on Saturday.
After weeks of emptying the shelves at the Consumer Financial Protection Bureau (CFPB) with dozens of enforcement actions, new rules, ...
Republicans have long criticized the bureau, which they see as an unaccountable regulator with too broad a reach.
With Rohit Chopra gone, Republicans have the mechanisms to overturn some of the Consumer Financial Protection Bureau's most ...