Trump names Treasury Secretary Scott Bessent acting head of CFPB after firing Chopra

 

• President Donald Trump has made Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau after firing former head Rohit Chopra over the weekend.
• Bessent, a former hedge fund manager who was confirmed as head of the U.S. Treasury last week, will presumably lead the CFPB until a permanent pick is named.
• Chopra was often at loggerheads with the U.S. banking industry after pushing to drastically rein in practices around credit card late fees and overdraft fees, among other efforts.

https://www.cnbc.com/2025/02/03/trump-names-scott-bessent-acting-cfpb-head.html