Republican presidential nominated former President Donald Trump, left, listens as investor Scott Bessent talks about the economy in Asheville, NC, Wednesday, August 14, 2024.
Matt Kelley | AP
President Donald Trump has Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau After firing former head Rohit Chopra during the weekend.
Bessent, a former hedge fund manager who was confirmed last week as head of the American treasury, will probably lead the CFPB until a permanent choice is called.
“I am looking forward to working with the CFPB to promote President Trump’s agenda to lower the costs for the American people and to accelerate economic growth,” said Bessent in a CFPB rack announce his appointment.
This story is developing. Come back for updates.