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CFPB halts work
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 Musk wants to “delete” it.
Breaking: Treasury Secretary Bessent Heads Consumer Financial Protection Bureau, Immediately Orders Freeze of CFPB Activities
On Saturday, February 1, 2025, it was announced that President Donald Trump had removed Rohit Chopra as director of the Consumer Financial Protection Bureau (CFPB). In a statement from the CFPB on February 3,
Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
The staff at the Consumer Financial Protection Bureau was instructed by email to cease much of its work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.
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 watchdog, has halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau,
HousingWire
3h
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 ...
JD Supra
1h
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 ...
1d
on MSN
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.
American Banker
2h
House tees up resolution to nullify CFPB's overdraft cap
The House Financial Services Committee released a draft resolution under the Congressional Review Act to cancel the Consumer ...
JD Supra
1h
CFPB orders remittance transfer provider to pay almost $2.5 million for alleged illegal activities
On January 30, 2025, the CFPB ordered Wise, an international remittance company, to pay almost $2.5 million in connection with allegations of ...
HousingWire
6h
Chopra’s parting shot: A CFPB blueprint for state-level enforcement with teeth
In one of the final reports by the CFPB issued under Rohit Chopra’s regime, the bureau outlines how state-level regulators can better protect consumers.
1d
Trump names Treasury Secretary Scott Bessent as acting director of the Consumer Financial Protection Bureau
President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer ...
bankingdive
1d
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 ...
9h
on MSN
Tech’s Trump Backers—Zuckerberg, Musk—Hate CFPB. It’s Now Been Paused.
Trump appointed Bessent to take over the agency after firing Biden-era director Rohit Chopra over the weekend. The world’s ...
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Trump
Consumer Financial Protection Bureau
Elon Musk
Scott Bessent
Rohit Chopra
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