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Trump taps Bessent to lead consumer bureau
Consumer Financial Protection Bureau Ordered To Stop Work After Trump Says Treasury’s Bessent Now In Charge
T he Consumer Financial Protection Bureau was told to cease operations on Monday shortly after President Donald Trump appointed Treasury Director Scott Bessent to serve a
Bessent, as acting consumer bureau chief, pauses all rules and lawsuits
CFPB staff was told to refrain from issuing public communications, halt activities including rules and settlements and participation in litigation proceedings.
Trump Names Scott Bessent, the Treasury Secretary, to Lead the Consumer Bureau
The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other financial firms.
elon musk, scott bessent and elizabeth warren
Warren Questions Bessent Over Musk Access to Treasury Payment System
In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.
Warren blasts Treasury Secretary Bessent on Elon Musk weekend data grab
U.S. Sen. Elizabeth Warren demanded answers following reports that billionaire Elon Musk took access to the nation's finance system, including sensitive financial data of nearly all Americans.
Bessent tells lawmakers Musk's DOGE does not control Treasury payments system
The remarks came during a two-hour gathering between the Treasury secretary and GOP members of the House Financial Services Committee.
16h
on MSN
CFPB halts work after Trump appoints Bessent as acting head
The Consumer Financial Protection Bureau is a consumer watchdog agency formed in the wake of the 2008 financial crisis. Elon ...
Jefferson Public Radio
15h
Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy ...
1d
Bessent Takes the Helm on US Debt Sales After Blasting Yellen
After repeatedly blasting Janet Yellen last year over her department’s strategy for issuing federal debt, it’s now up to ...
2d
on MSN
Wall Street Is Nervous About Scott Bessent’s Borrowing Plans
The new Treasury secretary has criticized a borrowing strategy that helped calm markets.
6h
Bessent Empowered to Freeze CFPB Under Agency's Founding Law
Democrats and consumer advocates slammed Treasury Secretary Scott Bessent over his plans to freeze the Consumer Financial ...
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