The Consumer Financial Protection Bureau issued a statement noting that President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the CFPB on January 31, 2025. Bessent said he looked forward to working with the CFPB to advance the administration’s agenda to lower costs for Americans and accelerate economic growth. The statement also reiterated the CFPB’s role in implementing and enforcing federal consumer financial law and in promoting fair, transparent, and competitive markets for consumer financial products.
Consumer Financial Protection Bureau 2025-02-03
Consumer Financial Protection Bureau confirms President Trump’s designation of Treasury Secretary Scott Bessent as Acting Director
The Consumer Financial Protection Bureau announced that President Trump appointed Secretary of the Treasury Scott Bessent as Acting Director on January 31, 2025. Bessent aims to collaborate with the CFPB to further the administration's goals of reducing costs and boosting economic growth. The CFPB continues its mandate to enforce federal consumer financial laws and promote fair and competitive markets.