Russ Vought, the newly appointed White House budget director, has also been tapped to lead the Consumer Financial Protection Bureau (CFPB), according to the Office of Management and Budget (OMB).
Vought, who was confirmed as the White House budget chief in a 53–47 Senate vote on Feb. 6, has been named acting director of the CFPB, per OMB, as cited by Reuters.
With the appointment, Vought replaces Treasury Secretary Scott Bessent, who President Donald Trump recently named to helm the CFPB as its acting director after Rohit Chopra, an appointee of former President Joe Biden, departed.
CFPB and OMB did not respond to a request for more details about Vought’s appointment, in particular his plans for the agency….