President Donald Trump has named Treasury Secretary Scott Bessent to serve as the acting director of the Consumer Financial Protection Bureau (CFPB) in place of Rohit Chopra, who announced his departure from the agency over the weekend.
Bessent’s appointment took effect on Jan. 31, according to a Feb. 3 announcement from the CFPB.
“I look forward to working with the CFPB to advance President Trump’s agenda to lower costs for the American people and accelerate economic growth,” Bessent said in a statement.
The founder of global macro investment firm Key Square Group, Bessent was confirmed as the 79th treasury secretary on Jan. 27 in a 68-29 Senate vote, with 16 Democrats backing his nomination….