The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other ...

President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer ...

President Donald Trump on Monday designated Treasury Secretary Scott Bessent with additional duties as acting director of the ...

In an email sent from acting director Scott Bessent, employees were told to pause all work related to issuing rules, ...

Treasury Secretary Scott Bessent is ordering a freeze to work at the Consumer Financial Protection Bureau, after being named ...

Treasury Secretary Scott Bessent on Monday ordered a halt to the majority of work at the Consumer Financial Protection Bureau ...

The Consumer Financial Protection Bureau is a consumer watchdog agency formed in the wake of the 2008 financial crisis. Elon ...

Treasury Secretary Scott Bessent has begun freezing work at the Consumer Financial Protection Bureau after its director was ...

Republicans have long criticized the bureau, which they see as an unaccountable regulator with too broad a reach.

But the agency has since been targeted by trade groups who unsuccessfully argued that the CFPB's funding violated the U.S.

Under Barack Obama and Joe Biden, the CFPB was closer to a progressive vigilante shakedown shop than a government regulator.

The Consumer Financial Protection Bureau is halting its operations amid Scott Bessent's takeover, according to reports.