Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work

Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.

Feb 3, 2025 - 21:42
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Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
Scott Bessent, the Treasury Secretary, has been tapped by President Trump to be acting director of the Consumer Financial Protection Bureau. Bessent is seen here at the Capitol in Washington last month.

Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.

(Image credit: J. Scott Applewhite/AP)