The Trump-Musk Presidency is killing the CFPB
Just as Elon Musk's X pushes into financial services, the agency responsible for protecting citizens from such companies is under threat.
Consumer Financial Protection Bureau Ordered To Stop Work After Trump Says Treasury’s Bessent Now In Charge
The Consumer Financial Protection Bureau was told to cease operations on Monday shortly after President Donald Trump appointed Treasury Director Scott Bessent to serve as the watchdog agency’s acting director—appeasing Republicans, and tech executives, who have criticized regulations at the agency implemented under the Biden administration.
Changes underway after Donald Trump fires head of Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is halting its operations amid Scott Bessent's takeover, according to reports.
Trump names Scott Bessent acting head of the Consumer Finance Protection Bureau
President Trump on Monday named Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau, replacing former Director Rohit Chopra, who was fired over the weekend.
Trump appoints Treasury secretary as acting head of consumer protection agency
In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau.
Elizabeth Warren Urges Trump to Support CFPB Efforts to Fight Debanking
Democratic Senator Elizabeth Warren urged President Donald Trump to work with regulators to stop what she called unjustified ...
The American Spectator14h
CFPB: New Treasury Secretary Scott Bessent Deployed to Fix What Rohit Chopra Broke
In a desperately needed move this week, President Donald Trump fired Rohit Chopra, director of the Consumer Financial ...
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 ...
JD Supra59m
Acting CFPB Director Bessent tells CFPB staff to stop virtually all work
Contending that he wants to ensure that the CFPB is in line with Trump Administration policies, acting bureau Director Scott Bessent has ...
HousingWire20h
Enforcement experts fear the wild west of a weaker CFPB
While experts say a pause of CFPB actions is nothing to worry about, they are concerned about a potential lack of federal ...
What CFPB Halt Means for Medical Debt Forgiveness for Millions of Americans
The halt means the Consumer Financial Protection Bureau will cease crafting regulations or enforcing any rules or ...
Trump's consumer watchdog freezes CFPB activity on first day of job
U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump's new acting consumer finance ...
After Shutting USAID, Trump Eyes Department of Education, CFPB
There has never been an executive order completely abolishing an executive agency,” said Reed Smith partner Cori Mishkin.
JD Supra19h
Trump Fires CFPB Director Rohit Chopra, Announces Bessent as Successor
In a significant and highly anticipated move, President Donald Trump has fired Rohit Chopra, the Director of the Consumer ...
bankingdive1d
Chopra leaves CFPB in widely expected move
President Donald Trump designated Treasury Secretary Scott Bessent as the bureau’s acting chief, according to a statement ...
Tech’s Trump Backers—Zuckerberg, Musk—Hate CFPB. It’s Now Been Paused.
Treasury Secretary Scott Bessent ordered the Consumer Financial Protection Bureau to halt work Monday, following months of ...