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US Treasury chief takes over consumer watchdog, freezes all activity
U.S. President Donald Trump on Monday tapped newly confirmed Treasury Secretary Scott Bessent as acting director of the Consumer Financial Protection Bureau, the agency announced.
Bessent tapped to be acting consumer bureau chief
Republicans have long criticized the bureau, which they see as an unaccountable regulator with too broad a reach.
Bessent Takes Helm of Consumer Finance Watchdog, Orders Halt to Work
Treasury Secretary Scott Bessent is ordering a freeze to work at the Consumer Financial Protection Bureau, after being named its acting director by President Trump
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,
Treasury Secretary Scott Bessent named acting director of consumer watchdog agency
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.
Consumer protections halted as Treasury Secretary takes over acting bureau role
Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential shift away from the aggressive enforcement and regulatory approach under Rohit Chopra.
2h
on MSN
Elon Musk may have just staged a ‘21st-century coup’ at the Treasury Department. What could happen next.
Elon Musk has reportedly taken over the Treasury Department’s central payment system, putting him in the position to ...
2h
on MSN
Trump says Musk cannot stop treasury payments on his own
Trump insists that anything Musk does must first be approved by the president.
1h
Musk appears to have access to sensitive treasury system
Elon Musk said his "DOGE team" is shutting down some payments to federal contractors, suggesting he has access to systems ...
3h
on MSN
Giving Elon Musk’s DOGE access to the Treasury payment system risks a U.S. debt default and global financial crisis, senator warns
The Treasury Department’s payment system has been likened to the government’s checkbook and makes $6 trillion in ...
2h
Trump Names Scott Bessent, the Treasury Secretary, to Lead the Consumer Bureau
The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other ...
6h
on MSN
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 ...
4h
Weekly Treasury Simulation, January 31, 2024: Term Premium For Going Long Is Significant
Stay updated on Treasury yields and default risk analysis in the financial market. Read our latest report from the weekly ...
13h
Warren Questions Bessent Over Musk Access to Treasury Payment System
In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions ...
3h
on MSN
Treasury secretary to temporarily oversee Consumer Financial Protection Bureau
President Donald Trump on Monday designated Treasury Secretary Scott Bessent with additional duties as acting director of the ...
3h
Treasury cuts first-quarter borrowing estimate
The U.S. Treasury Department said Monday it expects to borrow $815 billion in the first quarter, which is $9 billion lower ...
1d
on MSN
Lawmaker Demands Answers To Reports Musk Seeking Treasury Payment Access
Democrat Ranking Senate Finance Committee member Ron Wyden raised the alarm after a career staffer resigned from the Treasury ...
2d
on MSN
How an arcane Treasury Department office became ground zero in the war over federal spending
A few weeks before Donald Trump was sworn in as president, members of his transition team went to the Treasury Department to ...
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Related topics
Elon Musk
Donald Trump
Scott Bessent
DOGE
CFPB
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